Regulatory Reference Guide

MONITORING SITE FOR THE REGULATORY REFERENCE GUIDE

Welcome to the online Regulatory Reference Guide (RRG). It offers you the opportunity to search, sort and consult the rules impacting the recreational marine. The ICOMIA Secretariat invites all MIAs to check and update their sections frequently. We are sure that you will appreciate this very informative tool.

To browse the RRG, select a country and/or criteria from the dropdown menus

Poland
Government support of industry during COVID-19
April 21, 2020

The Polish government has introduced a plan to support entrepreneurs, whose main points are
- Exemption from social security, health insurance contributions for 3 months, from March to May for enterprises employing up to 9 people and self-employed
- coverage by the state of 40% of salaries for employees
- loans to employers to help maintain cash flow of companies

Portugal
Government support of industry during COVID-19
April 21, 2020

Many financial measures have been published to help the workers and the companies. Most of them trying to avoid unemployment. Many more will follow as we are far from seeing the ‘light at the end of the tunnel’.

Singapore
Government support of industry during COVID-19
April 21, 2020

An overview of the relief measures for the maritime sector is shown in the link below (some but not all applicable to recreational boating):
https://www.mpa.gov.sg/web/portal/home/maritime-singapore/what-maritime-...

South Africa
Government support of industry during COVID-19
April 21, 2020

Government has introduced a Small Business Relief Fund and commercial banks are looking at various relief measures for customers.

The Unemployment Insurance Fund has offered R3 500 per employee per month (at today’s exchange rate USD195). There is also a Temporary Employment Relief programme offering R17 000 per employee per month (USD947).

Some tax relief measures were announced recently and they generally apply to lower income earners and there will be delays on employee tax liabilities.

Grenada
Government support of industry during COVID-19
April 21, 2020
United Kingdom
Government support of industry during COVID-19
April 21, 2020

Coronavirus Job Retention Scheme goes live on Monday, 20th April and British Marine are encouraging all their members to apply where applicable.
Businesses that fall within the retail, hospitality and leisure sectors will benefit from a 12-month business rates holiday.
The UK Government has also announced a series of grants for UK businesses. Businesses with a rateable value of under £15,000 will be entitled to receive a grant of up to £10,000.
For businesses with a rateable value of between £15,000 and £51,000 they will be eligible to receive a grant of up to £25,000. British Marine understands that local authorities will contact eligible businesses directly and so there is no requirement to file an application.
The Government has launched a temporary Coronavirus Business Interruption Loan Scheme to help businesses that may require additional financial assistance.
The scheme will provide loans of up to £5 million in value. These will be backed by the British Business Bank and delivered through commercial lenders. This scheme is now open for applications and we would encourage businesses to discuss their requirements directly with the banks participating in the scheme, details of which can be found here.
The Government is taking additional measures to protect jobs by creating a dedicated Coronavirus Job Retention Scheme. This scheme applies to all UK businesses, regardless of their size. Employers will be able to contact HMRC for a grant to cover most of the wages of staff who are not working but are furloughed and kept on the company’s payroll system.
This grant from the UK Government will cover 80% of the salary of retained workers up to a total of £2,500 per month. We understand payments will be backdated to 1 March 2020 with the expectation that the scheme will be in place for a period of three months, with the first set of grants being delivered by the end of April. Employees must have been on the company’s payroll on 28 February 2020 to qualify.

Spain
Government support of industry during COVID-19
April 21, 2020

The government approved on 24 March the launch of credits for 20,000 million to guarantee the liquidity of the companies most affected by Covid-19. Half of that amount will be used to guarantee new loans to SMEs and the self-employed.
Paying taxes is delayed.
The term of the tax procedures already started will last until April 30, and those that are going to open are extended until May 20.

Greece
Government support of industry during COVID-19
April 21, 2020

A discussion has started with the Government regarding the mooring fees of the chartered/commercial boats which are currently moored/locked in the marinas. All charters or sails are forbidden in the Greek territory, so now the professional unions and associations are asking a 40-60% discount on the mooring fees for the next months. The State has already announced a 40% reduction of the rent for the commercial stores, restaurants, cafes, etc for the period being locked down.

Australia
Government support of industry during COVID-19
April 21, 2020

Many marinas pay a concession; rental or leasing fee to a government agency.  To help reduce the financial stress and job losses at the marina these agencies can provide a temporary halt to the requirement to pay the fee for a given period of time. In North Queensland for example the government through the Port Authority has provided the Cairns marina with fee relief, with some fees halted until end 2023. The total value of the fee relief package for operators at the marinas is AU$3m. (see  https://www.portsnorth.com.au/news-publications/ ).Also, by providing relief to the marina operator, they are then in a better financial position to pass on fee relief to their tenants.
Some States have now confirmed deferment of rents but details are yet to be provided.

USA
Government support of industry during COVID-19
April 21, 2020

The US national government has passed a $2 trillion funding package aimed at supporting small businesses, distressed industries, unemployed workers and injecting cash directly into American households.
On Friday, 3rd April, small businesses and sole proprietorships can apply for the Small Business Administration’s Paycheck Protection Program (PPP) – an initiative that was included in the $2 trillion economic relief bill signed by President Trump last week, which authorizes nearly $350 billion in forgivable loans to businesses to pay up to eight weeks of payroll costs, including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.