Terms
Buying a boatshare through Parker Boatshare Pty. Ltd. means you can be sure of the integrity of the set up. We undertook a Private Ruling through the Australain Tax Office and commissioned Edmund So Bsc, ACA, CA, LLM (Corporate & Tax Laws) FTIA, JP and E & A Lawyers to oversee the legal Set up set up of our Trust and ownership documentation.
When you buy a boatshare you buy a unit in a Trust. The Trust owns the boat. So you and the other unit holders own the boat. For example our 275 is owned by the Parker Boatshahre 1 Trust, which is owned by 12 unit holders: hence 12 boatsharers.
Our Trust is thankfully very simple. The main terms by which you own, use, buy and sell your boatshare are detailed in 'Schedule 1' and 'Schedule 2' of the Trust documentation. These are both available to those who Register.
Costs
To own a Boatshare you must pay 3 costs;
Bond / Deposit – deposit that is held as insurance bond until you sell your share. Currently $2,000.
Boatshare Price – cost of purchasing your share in the boat. Once only e.g. $14,450 for the 275.
Service Fee – paid quarterly (every 3 months) in advance. Covers all boats service, maintenance and management.
What you get...
Your boat will be registered, insured, monitored and fully managed with regular and appropriate maintenance, cleaning, servicing and anti-fouling. It will be kept on a berth at a marina. You will have access to the marina facilities. Some boats will be protected by SeaTow coverage. You will be trained on how to operate and manoeuvre your boat.
Using your boat...
The biggest compromise you make in Boatshare is access to your boat at key times: Saturdays, Sundays, Holidays, etc. Parker invented the Ticketing system to address this point. The Ticketing system is different to all the other systems. It was Voted the system most boatsharers would most like to use. [Voted on by Parker users after 2 years of use.]
BOATING ALLOWANCE - 52 ticket every year for each full year. 1 ticket allows you 1 session on the boat.
The tickets are released across the year in quarters:
12 tickets per quarter. X 4 = 48
Plus 2 wild tickets and 2 Holiday tickets.
48 + 2 + 2 = 52. (equates to once a week)
NOTE: Not one sharer has used their entire allowance.
Sessions – times each ticket can be used. Allows more use of Saturdays, Sundays & Holidays.
Weekday Timeslots
Mon 7 or 9am – 6pm DAY
Mon 5 or 7pm - Tue 8am NIGHT
Tue 7 or 9am - 6pm DAY
Tue 5 or 7pm - Wed 8am NIGHT
Wed 7 or 9am – 6pm DAY
Wed 5 or 7pm - Thu 8amNIGHT
Thu 7 or 9am - 6pm DAY
Thu 5 or 7pm - Fri 8am NIGHT
Fri 7 or 9am - 6pm DAY
Weekend Timeslots
Fri 5 or 7pm - Sat 8am NIGHT
Sat 7 or 9am – 1pm AM
Sat 12am or 2pm - 6pm PM
Sat 5 or 7pm - 8am Sun NIGHT
Sun 7 or 9am - 1pm AM
Sun 12am or 2pm - 6pm PM
Sun 5 or 7pm - 8am Mon NIGHT
Holiday Tickets – these can be booked up to a year in advance on a first come first served basis. 2 Tickets per Year for use during the dates such as: Australia Day, New Years Eve, Boxing Day etc.
Wild Tickets –2 Wild Tickets per year, chosen up to a year in advance. For any but Holiday dates, unless not booked; see Transferable.
Use up to 52 times per year for a one off payment plus service charge. Simply pay for your own fuel and the rest is done for you. Our boats are fully maintained and serviced for you and kept on a berth at Clontarf Marina, near Spit Bridge, Sydney Harbour.
Specifications / Bookings / Referral / Marina / Video / Boats / Links /
Parker Boatshare 1 – SeaRay Sundancer 275
Cost per share
$14,450
Number of shares
12 in total (4 left)
Service
$ 1210 / quarter
Insurance
Anchorage Marine
Rescue Service
SEA\\TOW
Marina
Clontarf Marina - Berth
Management
Training
Parker Boatshare
3 Levels Provided