There are two types of models under which the agreements operate:
Variable Model - this is a Business Model operating in Australia under ATO Tax Ruling TR2003/2004. Under this system the owner plays a prominent role in the management of the owner’s Yacht including decision making for vessel maintenance, improvements and forward planning. The owner is able to claim expenses and depreciation before realising the taxable income. The Operator receives a Management Fee from the owner.
Guaranteed Return Model - this pre-determines the rate of return on the Yacht. Generally, under this system expenses and depreciation cannot be deducted for tax purposes. We strongly advise you to speak to your accountant or financial advisor. If you wish, we can recommend such a person that has had experience in this field.
Whitsunday Rent A Yacht is interested in managing vessels that are suitable for charter, provided they meet our chartering requirements, guest expectations and regulatory requirements.
We are interested in the following brands:
New management contracts are generally for a period of 5 years
We are also happy to look at selected used yachts. The duration of the agreement would depend on the vessel's age.
We live and breathe yachting here at WRAY. There is quite a process in acquiring and placing a yacht into a fleet; we are here to assist.
Please contact our director, Jim Korosec, for further information:
call 0418 385 466