Car Loan Finance Online :: News
SHARE

Share this news item!

BIA Advocates for Government Support in Marine Manufacturing

Addressing Skills Shortages to Sustain Economic 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 for the nation's marine manufacturing and recreational boating sector.
The association warns that a critical skills shortage is threatening the industry's substantial economic potential.

Recent data from the BIA highlights the recreational marine sector as a major contributor to the national economy and a leading recreational pastime, with millions of Australians participating in boating activities annually. The industry generates over $10.2 billion in annual direct turnover and employs more than 35,000 people across the nation.

Despite these impressive figures, the BIA's National Recreational Boating Statement 2025 identifies a significant skills shortage across key trades, including boatbuilders, shipwrights, marine mechanic technicians, and trimmers. This shortage poses a risk to the industry's growth and sustainability.

Andrew Fielding, CEO of BIA, emphasized the need for government investment in trade pathways, apprenticeships, and retention programs to address the skills gap. He stated that without targeted support, the manufacturing capability could stall, jeopardizing jobs and economic activity that support exports and communities across the country.

The BIA is advocating for governments to recognize the marine sector as a key component of Australia's manufacturing base and Blue Economy. The association calls for investment in trade training to reduce industry skill shortages and infrastructure to support safe and convenient access for all ages and abilities.

For individuals interested in the marine industry, particularly those considering careers in boat manufacturing or related trades, this call to action highlights the potential for growth and opportunity within the sector. Addressing the skills shortage could lead to increased job availability and a more robust industry.

In conclusion, the BIA's appeal for government support underscores the importance of strategic investment in Australia's marine manufacturing sector. By addressing the critical skills shortage, the industry can continue to thrive and contribute significantly to the national economy.

Published:Tuesday, 20th Jan 2026
Source: Paige Estritori

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

Share this news item:

Finance News

ANZ Implements Stricter Home Loan Policies for Company Borrowers
ANZ Implements Stricter Home Loan Policies for Company Borrowers
25 Jan 2026: Paige Estritori
In a significant policy shift, ANZ Bank has tightened its mortgage lending criteria for company borrowers, effective from 8 January 2026. This move reflects a broader trend among major Australian lenders to recalibrate risk appetites and credit standards in response to evolving economic conditions. - read more
Non-Bank Lenders Intensify Legal Actions as Major Banks Scale Back
Non-Bank Lenders Intensify Legal Actions as Major Banks Scale Back
25 Jan 2026: Paige Estritori
Recent data reveals a notable increase in court enforcement actions by non-bank lenders, coinciding with a reduction in such activities by major banks. This trend signifies a shift in creditor behavior within Australia's financial sector, with non-bank institutions adopting more assertive measures to recover debts. - read more
Westpac NZ Launches Special Debt Consolidation Loan to Alleviate Post-Holiday Financial Strain
Westpac NZ Launches Special Debt Consolidation Loan to Alleviate Post-Holiday Financial Strain
25 Jan 2026: Paige Estritori
In response to concerns about post-holiday financial stress, Westpac New Zealand has introduced a special debt consolidation personal loan with an interest rate of 11.95% per annum. This initiative aims to assist customers in managing debts accrued during the festive season and to alleviate associated financial pressures. - read more
APRA's New Lending Cap: What Homebuyers Need to Know
APRA's New Lending Cap: What Homebuyers Need to Know
25 Jan 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 implement a cap on high debt-to-income (DTI) home loans, limiting banks to issuing no more than 20% of new home loans with DTI ratios of six times or higher. This measure applies to both owner-occupier and investor loans, excluding new housing developments. - read more


Car Loans Articles

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
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
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
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


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
Price-to-Earnings Ratio (P/E):
A valuation ratio of a company's current share price compared to its per-share earnings.