Better Boating Fund
The Government has committed to returning every dollar of marine licensing and boat registration fees to improving boating safety and facilities through the establishment of the Better Boating Fund.
Legislation has been introduced to Parliament to establish the Better Boating Fund. Announced on 13 October 2020, the legislation will deliver on this important government recreational boating commitment.
Frequently asked questions
Why is the Better Boating Fund being established?
The Better Boating Fund is being established in direct response to boating stakeholder requests that all revenue raised from marine licences and vessel registration be returned to the recreational boating sector.
What are the key elements of the Better Boating Fund?
We have listened to our stakeholders and heard that greater transparency and certainty of funding is required to improve access and support growth in recreational boating in the future. The legislation delivers on this commitment and will provide the certainty and transparency into the future.
The amount going into the Better Boating Fund (the Trust Account) is to be equivalent of all revenue generated from marine licences and vessel registration.
The legislation will:
- establish a new Trust Account called the Better Boating Fund
- guarantee that funding can only be spent on boating related facilities, services, safety and education
- establish annual public reporting requirements to provide the transparency that our stakeholders have requested.
What can the Better Boating Fund be used for?
The legislative provisions authorise the Minister or Treasurer to approve expenditure from the fund on:
- provision and maintenance of boating facilities and related services
- boating safety, boating education and boating promotion programs
- safe use of recreational vessels
- safe use of state waters
How will the Better Boating Fund be allocated?
Allocations will be determined in close consultation with our boating stakeholders to ensure that their priorities are taken into consideration.
The development of a boating strategy will be fundamental in helping determine the priorities for investment. This will be co-designed with key boating stakeholders and developed as a matter of priority once the legislation has been introduced.
When will the Better Boating Fund be established?
Should the Bill be passed, the operation of the Better Boating Fund will commence on 1 July 2021.
When will boating stakeholders be engaged to develop a boating strategy?
The development of a boating strategy will commence in November, and this will be co-designed with stakeholders to ensure priorities are identified.
A Ministerial Boating Round Table will be established to support this process.
Public engagement is also expected throughout the development of the strategy, to ensure all boaters have an opportunity to provide feedback.
Further information about the boating strategy will be released when available.