Car Loan Finance Online :: News
SHARE

Share this news item!

BIA Advocates for Government Support in Marine Manufacturing

Addressing Skills Shortages to Sustain Australia's Marine Manufacturing Growth

BIA Advocates 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) is calling on all levels of Australian government to provide strategic support to the nation's marine manufacturing and recreational boating sector.
This appeal comes in response to a significant skills shortage that threatens the industry's substantial economic contributions.

According to the BIA, the marine industry generates over $10.2 billion in annual direct turnover and employs more than 35,000 people across the country. Despite these impressive figures, the sector faces challenges due to a lack of skilled workers in critical trades such as boatbuilding, marine mechanics, and shipwrights.

BIA CEO Andrew Fielding emphasized the need for immediate action, stating that the most critical immediate priority is addressing the urgent skills shortage across key trades. Without targeted government investment in trade pathways, apprenticeships, and retention programs, the manufacturing capability will stall, jeopardizing jobs and economic activity that support exports and communities across the country.

The BIA's National Recreational Boating Statement 2025 outlines strategic priorities to address these challenges, including recognizing the marine sector as a key component of Australia's manufacturing base and Blue Economy, investing in trade training to reduce industry skill shortages, and investing in infrastructure to support safe and convenient access for all ages and abilities.

Steve Walker, BIA Victoria CEO, echoed these sentiments, highlighting the rich history and high-quality boat building in Victoria. He expressed concern that without support to secure a skilled workforce, there are grave fears about losing the prized manufacturing sector.

The BIA's call to action underscores the importance of collaborative efforts between the government and industry stakeholders to ensure the sustainable growth and global competitiveness of Australia's marine manufacturing sector.

For more information on the BIA's initiatives and the National Recreational Boating Statement 2025, visit the BIA website.

Published:Friday, 6th Mar 2026
Source: Paige Estritori

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

Share this news item:

Finance News

Bhagwan Marine Announces $100 Million Stock Market Float
Bhagwan Marine Announces $100 Million Stock Market Float
11 Mar 2026: Paige Estritori
Bhagwan Marine, a prominent player in Australia's marine services industry, has unveiled plans for a $100 million initial public offering (IPO). This strategic move aims to bolster the company's growth trajectory and enhance its service offerings across the nation. - read more
Australian Marinas Appeal for Relief Amid Surging Insurance Premiums
Australian Marinas Appeal for Relief Amid Surging Insurance Premiums
11 Mar 2026: Paige Estritori
Marina operators across northern Australia are facing unprecedented increases in insurance premiums, with some reporting hikes exceeding 300% in recent years. This surge has prompted urgent calls for government intervention to ensure the sustainability of the marine and tourism industries. - read more
Australian SMEs Embrace Growth with Increased Loan Applications
Australian SMEs Embrace Growth with Increased Loan Applications
11 Mar 2026: Paige Estritori
In a notable shift within the Australian small and medium-sized enterprise (SME) sector, businesses are increasingly seeking financing to fuel expansion rather than merely sustain operations. Data from OnDeck Australia indicates a 42% year-on-year increase in loan applications during the December quarter of 2025. Notably, 34% of these applicants aimed to fund business growth, up from 23% in the previous year, highlighting a significant change in SME financing behaviour. - read more
Non-Bank Lenders Escalate Legal Actions Amid Rising SME Insolvencies
Non-Bank Lenders Escalate Legal Actions Amid Rising SME Insolvencies
11 Mar 2026: Paige Estritori
Recent data reveals a significant shift in the enforcement landscape affecting Australian small and medium-sized enterprises (SMEs). Non-bank lenders have markedly increased their court-based recovery actions, coinciding with a rise in SME insolvencies. This trend emerges as major banks reduce their enforcement activities, highlighting a changing dynamic in creditor behaviour. - read more


Car Loans Articles

How Credit Scores Affect Your Car Loan Options
How Credit Scores Affect Your Car Loan Options
In the world of personal finance, a credit score plays a pivotal role in determining your borrowing power. But what exactly is a credit score? Simply put, it's a numerical representation of your creditworthiness, based on an analysis of your credit files. This score helps lenders assess the risk of lending you money or extending credit. - read more
Unlocking Savings: The Benefits of Refinancing Your Car Loan
Unlocking Savings: The Benefits of Refinancing Your Car Loan
Refinancing your car loan can be a game changer for your financial health. But what exactly does it mean? In simple terms, refinancing involves replacing your current car loan with a new one, usually to secure better interest rates or more favorable terms. - read more
Understanding Business Car Loans: What You Need to Know
Understanding Business Car Loans: What You Need to Know
Welcome to our comprehensive guide on business car loans! Whether you're an entrepreneur or a small business owner in Australia, understanding the ins and outs of vehicle loans can be immensely beneficial. Our goal is to provide you with practical insights and tips to navigate the financial landscape with ease. - read more
Smart Saving Strategies for First-Time Car Buyers
Smart Saving Strategies for First-Time Car Buyers
Welcome to a beginner's guide to saving for your first car! Buying a car for the first time is an exciting journey, filled with anticipation and, sometimes, a bit of anxiety. Rest assured, you are not alone on this path. Many Australians have taken these steps before you, and with the right strategies, you can turn this experience into a rewarding achievement. - read more


Free Assessment

Loan Amount:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Knowledgebase
Derivative:
A financial security whose value is dependent upon or derived from an underlying asset or group of assets.