SHARE

Share this news item!

BIA Calls for Government Support in Marine Manufacturing

Addressing Skills Shortages to Sustain Australia's Boating Industry

BIA Calls for Government Support in Marine Manufacturing?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The Boating Industry Association Ltd (BIA) has issued a call to all levels of Australian government to provide strategic support for the nation's marine manufacturing and recreational boating sector.
This appeal comes in response to a critical skills shortage that poses a threat to the industry's economic potential.

Recent data underscores the significant contribution of the recreational marine sector to the national economy, with millions of Australians participating in boating activities annually. Despite this, the industry faces challenges in maintaining its workforce, particularly in skilled trades essential for boat manufacturing and maintenance.

BIA CEO Andrew Fielding emphasised the need for government recognition and backing, stating that Australia's marine sector should be viewed as a strategic pillar of the Blue Economy. He highlighted the industry's capacity to produce world-class boats and equipment domestically, underscoring the importance of supporting local manufacturing capabilities.

The BIA has identified several strategic priorities for government support, including:

  • Recognising the marine sector as a key component of Australia's manufacturing base and Blue Economy.
  • Investing in trade training programs to mitigate skill shortages.
  • Supporting infrastructure development to ensure safe and convenient water access for all ages.

Fielding also pointed out the industry's scale, noting that it generates over $10.2 billion in annual direct turnover and employs more than 35,000 people across the nation. With projections indicating over 1 million registered vessels by 2030 and total spending on watercraft activities expected to reach $20 billion annually, the potential for growth is substantial.

However, the BIA's National Recreational Boating Statement 2025 highlights a significant skills shortage, particularly in key trades such as boatbuilding, shipwrighting, marine mechanics, and trimming. Addressing this shortage is deemed the most critical immediate priority to sustain and grow the industry.

In conclusion, the BIA's call to action seeks to secure the future of Australia's marine manufacturing sector by advocating for targeted government investment in workforce development, policy support, and infrastructure enhancement. Such measures are essential to maintain the industry's economic contributions and to support the millions of Australians who engage in recreational boating activities.

Published:Monday, 30th Mar 2026
Author: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

APRA's New Limits on High Debt-to-Income Home Loans Explained
APRA's New Limits on High Debt-to-Income Home Loans Explained
30 Mar 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending portfolios. This measure is designed to address concerns over escalating property prices and the potential for financial instability. - read more
ANZ Implements Stricter Lending Policies for Trusts and Companies
ANZ Implements Stricter Lending Policies for Trusts and Companies
30 Mar 2026: Paige Estritori
ANZ Bank has recently introduced more stringent criteria for mortgage lending to trusts and companies, aligning with similar moves by other major Australian lenders. Effective January 8, 2026, these changes reflect a broader industry response to regulatory concerns over high-risk lending practices. - read more