Marinas updated on Crown land leases
New protocols flagged for lease negotiations with NSW Crown Lands Services.
New protocols are set to be introduced to manage how NSW marinas negotiate lease renewals with Crown Land Services.
Member and sponsors of the Marina Industries Association (MIA) were updated on the latest changes to Crown land lease management at a regional meeting of the MIA held at the Royal Motor Yacht Club in Toronto this week.
Attendees heard from Dennis Buttigieg, director of NSW Crown Land Services (CLS), who outlined proposed changes to Crown lands management including the renewal and valuation of of marina leases.
According to Buttigieg, more than 40% of NSW is classified as Crown lands, not including state forests and national parks. Since 2012, the management of these areas and the legislation governing them has been under review and the CLS is now seeking additional funding to implement the recommended changes.
As far as marinas are concerned, Buttigieg said there will be no change to the type of lease being granted although new procedures for the management of the leases are likely to be introduced. The CLS is due to release a new protocol for direct negotiations with tenants that will set out the criteria for marina owners to engage in lease negotiations with the CLS.
Discussions are also due to get underway with industry stakeholders such as the Boating Industry Association (BIA) to determine the valuation process for marina leases. Buttigieg foreshadowed the possibility of a valuation process based on a percentage of turnover rather than market value, such as currently applies with Sydney Harbour marina leases with Roads and Maritime Services.
The meeting also heard Frank Downing, Rear Commodore at RMYC Toronto, and Les Binkin of Marmong Point Marina, who outlined the status of current and future marina developments on Lake Macquarie.