Superyacht study

THE first economic impact study on Australia's superyacht industry has revealed a high value niche sector, which contributed a total of $1.97 billion to GDP in the 2016 financial year. The AEC Group study commissioned by AIMEX found the industry is held back by restrictive policy and that it could add an additional $1.12b to GDP by 2021 if regulation is relaxed. MaryAnne Edwards, chief executive of AIMEX, said if the govt fixed legislation so foreign superyachts have freedom to charter here, the local superyacht industry "would grow substantially - we could see ...
The above snippet is the first part of an article sent to subscribers in Cruise Weekly's issue from 18 Apr 17

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