CAPTAINS CAP OFF 2017 IN STYLE - December 11, 2017

Twenty of the region’s preeminent professional … read more.

Take your brand to the world of Supe - December 4, 2017

The Australian Superyacht, Marine Export and … read more.

Sydney Hobart hub - December 1, 2017

Sydney City Marine, the state-of-the-art shipyard … read more.

Taxation

The owners or masters of yachts cruising Australian waters on cruising permits will be able to obtain Goods and Services Tax (GST)-free repairs or refits by presenting their cruising permits to their repairers/refitters. The Australian Taxation Office will not require presentation of documents showing prior arrangement of repairs or refits. GST-free repairs/refits include any repairs or refits to the yachts which are done during the course of their visits to Australia. Examples of these include:

* Repairs necessitated by accidents in Australia; and
* Routine maintenance

To be GST free the supply of goods must be provided by the supplier of the refit/repairs to the vessel. The repairer/refitter can make a GST-free supply of the repair/refit by retaining a copy of the cruising permit. In addition to the cruising permit, the repairer/refitter will retain the financial records ordinarily required for taxation and accounting purposes.

SEARCH