Finance Australia :: News
SHARE

Share this news item!

BIA and AFTA Forge Partnership to Strengthen Boating and Fishing Sectors

New Agreement Aims to Boost Collaboration and Growth in Australia's Marine Industries

BIA and AFTA Forge Partnership to Strengthen Boating and Fishing Sectors?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.

In a significant move for Australia's outdoor recreation sector, the Boating Industry Association (BIA) and the Australian Fishing Trade Association (AFTA) have formalized an agreement to collaborate more closely.
This partnership is designed to benefit their combined membership base and bolster support for boat-based fishing across the nation.

BIA CEO Andrew Fielding described the agreement as momentous, recognizing the importance of boat-based fishing in Australia. He noted that while the two organizations have worked together informally in recent years, particularly in advocacy to government, this formal agreement allows them to elevate their collaboration for the benefit of their members and the public.

AFTA President Michael Starkey highlighted the significant opportunities for closer cooperation in various areas, including research, data, and events. He emphasized the potential to collaborate on boat and fishing shows across Australia and to explore opportunities for future joint events.

The agreement encompasses collaboration in several key areas:

  • Data sharing and research initiatives
  • Joint communications, marketing, and advertising efforts
  • Co-hosting events and exploring new event opportunities
  • Enhancing business systems and revenue streams
  • Strengthening advocacy efforts for boat-based fishing

Collectively, BIA and AFTA represent a substantial contribution to the Australian economy, with a combined annual industry turnover of $21 billion and support for 135,000 jobs. The BIA serves as the peak industry body representing interests across the boating sector, including designers, manufacturers, importers, brokers, insurers, retailers, charters, yacht and boat clubs, marinas, and more. AFTA represents wholesalers, importers, manufacturers, and retailers of fishing goods and services, as well as those involved in recreational fishing media.

Given that more than 85% of Australians live within 50 kilometers of the coast, it's unsurprising that nearly one in five households owns a boat or watercraft, and approximately 5 million people engage in boating each year. Additionally, 4.2 million Australians participate in recreational fishing from shore or boat. This partnership between BIA and AFTA aims to enhance the experiences of these enthusiasts by fostering a more integrated and supportive industry environment.

For more information, visit the BIA website at bia.org.au.

Published:Monday, 2nd Feb 2026
Source: Paige Estritori

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

Share this news item:

Finance News

Australian Managed Funds Experience Significant Growth in 2025
Australian Managed Funds Experience Significant Growth in 2025
07 Feb 2026: Paige Estritori
In 2025, Australian managed funds experienced a substantial increase of $35.9 billion, as reported by Calastone. This growth was primarily driven by investors seeking stability through fixed income strategies amidst global economic uncertainties. - read more
The Rise of Non-Bank Lenders in Australian SME Financing
The Rise of Non-Bank Lenders in Australian SME Financing
07 Feb 2026: Paige Estritori
In recent years, Australian small and medium-sized enterprises (SMEs) have increasingly turned to non-bank lenders for their financing needs. This shift is driven by the demand for faster credit decisions and more flexible lending solutions, which traditional banks often struggle to provide. - read more
Australian SMEs Embrace Asset Finance to Drive Productivity
Australian SMEs Embrace Asset Finance to Drive Productivity
07 Feb 2026: Paige Estritori
Amidst economic uncertainties and a cautious lending environment, Australian small and medium-sized enterprises (SMEs) are increasingly turning to asset finance to bolster long-term productivity. Recent data from Valiant Finance indicates a significant surge in asset finance volumes, with a 41% increase in Q3 and a 33% rise in Q4 of 2025. - read more


Finance Articles

Maximizing Your Borrowing Power: Strategies for Home Loan Comparison
Maximizing Your Borrowing Power: Strategies for Home Loan Comparison
When you're on the journey to owning your dream home, securing the right home loan is as critical as choosing the perfect location. The benefits of using online home loan calculators can't be overstated, as they wield the power to illuminate the murky depths of mortgage rates, terms, and payments with surprising precision. - read more
Online Loan Application Essentials: What to Know Before You Click Submit
Online Loan Application Essentials: What to Know Before You Click Submit
Welcome to the digital age, where online loans in Australia offer convenience and accessibility like never before. With a few clicks, financing for your next big purchase or consolidation of existing debts is at your fingertips. However, venturing into the world of online lending without a compass can leave you navigating choppy waters. - read more
Understanding the Fine Print: Fees and Charges in Personal Loans
Understanding the Fine Print: Fees and Charges in Personal Loans
Personal loans are a type of unsecured credit that allows individuals to borrow money for various personal expenses, including consolidating debt, making home improvements, or funding significant life events. Unlike secured loans that require collateral, personal loans rely on your creditworthiness, making them an accessible option for many Australians. - read more


Free Loan Eligibility 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
Personal Loan:
A Personal Loan is a means of obtaining finance from a financial institution or financial product provider and the lending criteria usually depends on criteria such as personal income and expenses, assets and liabilities, employment status and previo