Hi. Tried searching the forums
to no avail. Here's a question; myself and 2 mates went equal 3rds in a small yacht when we were younger and sillier about 10 yrs ago. At that time we got a swing mooring
in Middle Harbour, Sydney
A few years in, it Guy1 sold
out to the remaining pair. Now Guy2 wants to sell as he has moved interstate and has a young family
. Which is all fine but in NSW you can only have 1 name on the boat
rego and that same name on the mooring
licence even though for purchase
etc its under all the share names. At the time it was put under Guys2 name.
Now I find out that if Guy2 sells I have to transfer the name of owner from Guy 2 to me as we are unable to put 2 names on the boat
rego. This is all ok except that would then mean that I cannot simply do the same with the mooring as now there is a waiting list in my area so I have to relinquish our (my) mooring and go on the waiting list! Despite being essentially the organising force of this boat share and choosing this location amongst a few options when there was no waiting list 10 years ago! Anyone who knows Sydney
Harbour is getting quite crowded and any available spot would not be in a favourable location, and then there's the cost of relaying the ground tackle etc.
I have explained the situation to Waterways a few times now and I go round in circles. The owner of the mooring can be a "equal majority shareholder of the vessel", ie acknowledging a boat share, but we cannot transfer the name of the mooring to another equal majority shareholder of the vessel.
Private boat shares are not new, I see them advertised all the time, surely this is not the 1st time. Does anyone have any advice
cheers Dave (Duncanson 29)