The Special Recreational Vessels Amendment Bill 2021 (the Bill) extends the sunset date of the Special Recreational Vessels Act 2019 (the SRV Act) by two years, from 30 June 2021 to 30 June 2023. The Bill was introduced on 25 February 2021 and passed the Senate without debate on 18 March 2021. The Bill was subsequently introduced into the House of Representatives on 22 March 2021. The SRV Act allows special recreational vessels (also known as superyachts) to opt into the coastal trading licensing scheme for the first time. Read more...
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