Small Craft News

The crew of the first Farr X2 have been rescued after the boat lost its keel on an overnight offshore qualifier. Nexba Racing, a new 30ft grand prix racer aimed at the short-handed market, was sailing in a 100nm qualifier off the coast of New South Wales, Australia in a light to moderate breeze and 1-2m seas when the keel attachment failed, leading to a keel failure and resulting in the boat capsizing. The two female crew were rescued after spending 15 hours drifting. The 9.2-metre boat is the latest project from Farr Yacht Design. She was built in Singapore by XSP and launched in May.

“We are very thankful that the two crew were safely recovered and for the swift action of the Royal Australian Navy Destroyer Continue reading “Keel failure results in capsize”

In Budget 2021, the government proposed the introduction of a tax on the sale of new luxury cars and aircraft with a retail sale price over $100,000, and new boats over $250,000. The tax would be calculated at the lesser of 20 per cent of the value above these price thresholds or 10 per cent of the full value of the luxury vehicle, aircraft or vessel.

To implement this commitment, the government released for public comment draft legislative proposals. These proposals reflect, and respond to, input received during consultations with stakeholders. You have until 11 April to have your say. Continue reading “Canadian Government releases draft legislative proposals to implement luxury tax on new boats”