New beach moorings at Rottnest Islan - February 24, 2015

Club Marine, Australia‚Äôs market leader in … read more.

Appointment at International Superya - February 24, 2015

Muir, the Tasmania-based manufacturer of windlass … read more.

KEY SPEAKERS ANNOUNCED FOR ASMEX 201 - February 17, 2015

Following on from the success of … 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.

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