Frequently asked questions...
The FAQs below are for your guidance only. They should not be relied upon when determining what laws and regulatory requirements you must comply with. We encourage you to seek legal, financial, taxation and regulatory advice from you professional advisors.
I have a recreational boat license – can I list my boat on Boatigo?
Boatigo is designed to be used by recreational boat enthusiasts (enjoying their hobby) where the contributions you receive are not at a profit. This means that the total contributions you receive for a particular trip do not total to more than the cost to have the vessel out on the water. We encourage you to make your own enquiries with the relevant authorities regarding your boat licence and compliance requirements.Need assistance calculating running costs?
Do I require insurance?
You are responsible for any and all insurance that are required by law when taking your vessel out on the water. You should carefully consider what insurances are necessary given your circumstances.
Boatigo recommends that you speak to your insurance company and confirm that your coverage is adequate for your needs. You could advise them that you will be using your vessel for normal recreational trips and may have people come with you from time to time that make a contribution towards running costs for the trip that is not at a profit. In exactly the same manner as a carpool operates - except with a boat.
What about safety regulations?
As the boat Skipper, it is your responsibility to ensure that your vessel meets ALL safety and seaworthy regulations in all jurisdictions in which you will be operating.Need assistance with safety regulations?
Have users been verified?
The safety and wellbeing of our users is very important to us. That is why Boatigo allows Skippers and Crew to be securely verified.
Community members that are verified have provided us with a Driver's License, Passport or Proof of Age Card along with a selfie "liveness" check to make sure they are who they say they are. You can tell verified users because their profile picture has the ID Badge on it.
Do I have to pay tax?
Boatigo recommends that you seek your own professional advice regarding taxation laws in the jurisdiction you will be using your boat.
The Australian Taxation Office (ATO) has provided guidance that no tax is payable on any contributions received toward operating costs of a vessel being used for recreational purposes and not making a commercial profit as this is classed as a hobby.
The Internal Revenue Service (IRS) classes these non-profit activities similarly as a hobby. It is very important that if you receive any contributions towards the running cost of any trips organised on the Boatigo platform that these are not at a profit and done so as part of a recreational hobby.