When deciding whether to list your vessel on Boatigo, it is important for you to consider laws in your area. We encourage you to seek legal, financial, taxation and regulatory advice from you professional advisors.
I have a recreational boat license – can I list my boat on Boatigo?
Boatigo is designed to be used by recreational boat owners who only receive contributions towards the running costs of their trip (not at a profit). We encourage you to make your own enquiries with the relevant authorities regarding your boat licence and compliance requirements.
Do I require insurance?
You are responsible for any and all insurance that are required by law when taking your vessel out on the water. You should carefully consider what insurances are necessary given your circumstances.
Boatigo recommends that you speak to your insurance company and confirm that your coverage is adequate for your needs. You could advise them that you will be using your vessel for normal recreational trips and may have people come with you from time to time that make a contribution towards running costs for the trip that is not at a profit. In exactly the same manner as a carpool operates - except with a boat.
What about safety regulations?
As the boat owner, it is your responsibility to ensure that your vessel meets ALL safety and seaworthy regulations in all jurisdictions in which you will be operating.
We have published an article here that may be helpful in assisting you.
Do I have to pay any tax?
Boatigo recommends that you seek your own professional advice regarding taxation laws in the jurisdiction you will be using your boat.
The Australian Taxation Office (ATO) has provided guidance that no tax is payable on any contributions received toward operating costs of a vessel being used for recreational purposes and not making a commercial profit.