GST rules prevent superyacht charters, costing Gold Coast big money

THE Gold Coast and nation are missing out on up to $100,000 a week per vessel from visiting foreign superyachts because stiff GST rules block them running local charters.

Foreign superyachts avoid offering charters in Australia waters because they must pay a hefty 10 per cent GST on the value of the vessel. For a vessel worth $50 million, that’s a $5 million GST bill.
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Superyacht Fusionsinks off Ibiza | business News on

A motoryacht, reportedly the 37m Fusion, was captured on camera taking on water near Ibiza yesterday, the 19 July. Local reports suggest that eight guests were on board during the time of the incident.

No injuries have been reported and the local emergency services allegedly arrived on the scene before the yacht was submerged further.
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FNQ on track for bumper superyacht visitation in 2016

DAZZLING superyachts are visiting the Far North in numbers not seen since before the global financial crisis.

A bumper year is forecast with 37 multi-million-dollar vessels having already moored at Cairns and Port Douglas in 2016.

Last year, 46 superyachts visited the region.

Super Yacht Group Great Barrier Reef manager Joanne Drake said the Far North was on track for its biggest annual visitation since the group was incorporated in 2000.

“Marlin Marina has forecast bookings for the arrival of 14 superyachts over July and August,” she said.
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Garcon, Helipad, Superyacht | Yachting Magazine

At 220-foot LOA, the Garcon has plenty of space for you and your toys with a vast deck area with room for jet skis, tenders and sail dinghies. Most notably, the Garcon includes a fully certified helipad that has a 5000 kg take-off weight made for landing without any disruption on board.
This luxury superyacht was built by Damen with customized designs specifically made for the client, and won the ISS Awards of Distinction for Innovation at the International Superyacht Society Awards Gala in 2013.

Another price drop on superyacht XO of the Seas

TThe 32.9 metre motor yacht XO of the Seas, listed for sale by Vesa Kaukonen at KK Superyachts, has had a further €250,000 price reduction.

Designed by Dubois Naval Architects, she was built in steel and aluminium by Turkish yard Ustaoglu Shipyard to RINA class and delivered in 2012. Up to 11 guests can be accommodated in three double cabins with queen sized beds plus two twins and a Pullman berth, all with entertainment centres and en suite bathroom facilities.
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Turquoise Yachts New Superyacht Indulges Guests with Fun in the Sun [VIDEO] | Boating & Yachting

Turkish shipyard Turquoise Yachts has announced plans for a new 216.5-foot superyacht, to be designed in collaboration with Nuvolari Lenard. Capable of traveling at approximately 16 knots, the sharp-looking yacht offers the amenities of a much larger vessel in a smaller format, thanks to an efficient layout. Equipped with a spacious owner’s suite and six guest cabins, the yacht is well suited for extended trips with family or friends. It will also accommodate a crew of up to 18. – Find the best yachts here :