boat syndicate

Experience luxury of owning a brand new Crownline bowrider or small cabin boat

Explore pristine Gold Coast waterways

Hassle free boating with highest quality management, including servicing, detailing, cleaning and storage

Flexible boat timeshare options

Management

CMG Boat Syndicate is a management entity dedicated to managing your boat shares.  CMG Boat Syndicate manages the accounts and maintenance of your vessel, which comes with monthly fee. This provides “walk on, walk off” boating experience with a cost that is capped to essential services, storage and cleaning and management. For more information on management options or for self managed alternatives please contact us.  

boat shares

Why Choose Us

New Boats

CMG syndicate fleet consists of only new or near new models 2022, 2023 and 2024.

Crownline quality

Crownline is one of the highest quality boats on the market, luxurious, safe and comfortable

Value

Due to the quality of make, Crownline boats keep their market value at a higher level than other boat brands

Us

Our team is dedicated to provide the best possible boating experience at the most reasonable price

Booking Callendar

The boat shares software has a unique booking calendar for owners to schedule their usage. The calendar is point weighted in order to smooth out demand for the vessel in peak times like weekends and public holidays. Each owner has a monthly booking allowance which is calculated as a proportion of 600 points. So for example, a 1/3 share owner would have an allowance of 200 points per month. Each owner is free to use their points in one consecutive booking or in smaller bookings throughout the month. Daily point costs are as follows:

Weekdays (Mon – Thu)

20 points per day

Fridays

30 points per day

Saturdays & Sundays

50 points per day

Public Holidays

70 points per day

Advance Booking

Standard bookings can be made up to 2 months in advance. On the 1st day of the month, bookings open for the following month. Bookings can also be made on the day if the boat is available, simply check the calendar, make your booking, and head to the boat.

 

Wildcard Bookings

Wildcard bookings can be made up to 12 months in advance. Each owner has an annual wildcard booking allowance which is calculated as a proportion of 840 points. So for example, a 1/3 share owner would have an allowance of 280 points for the year which they can use to make wildcard bookings. Note these are not extra points, they simply allow you to book the boat further in advance. Wildcard bookings still contribute towards your monthly booking allowance.

Booking Priority

Bookings are made on a first come first served basis. Any bookings made 7 days or less prior to the scheduled usage are locked in and no other owner can request the same booking. Bookings made more than 7 days ahead are subject to a priority system. If it is a public holiday then priority goes to the owner who has not had the same public holiday in the previous year. If that does not resolve the priority then the owner with lowest accumulated points tally will get priority. On a weekday or weekend then priority goes to the to the owner who is within their allocated monthly points allowance. If that does not resolve the priority then the owner with lowest accumulated points tally will get priority.

Alerts and Notifications

The boat shares software includes an alerts and notifications feature so you are always kept up to date of syndicate events. When an owner makes a booking, you have the option to receive an email and/or SMS notification of the booking. You can also receive notifications for other events, and you can manage the notifications by switching them on or off within the software.

Bank Account and Annual Budget

CMG Boat Syndicate operates a bank account for the purpose of holding funds to operate and maintain the vessel. Each owner contributes to the bank account on a regular basis in accordance with their ownership of the vessel. All costs are shared in proportion with ownership except for fuel which is based on usage. The bank account is managed by the Accounts Party who is also an owner within the syndicate. 

The owners agree an annual budget for the vessel. The Maintenance and Accounts Parties are then able to manage the expenses throughout the year in accordance with the budget. Any major expense not budgeted needs to be resolved by a majority vote. Any expenses incurred by an owner on behalf of the syndicate should be claimed back from the syndicate by presenting the receipt to the Accounts Party.

Refueling

When an owner uses the boat they are not to leave the vessel fuel tanks below 50%. If the syndicate has a fuel card (linked to the syndicate bank account), then the owner uses the fuel card to refuel the vessel. Otherwise the owner makes payment for the fuel and seeks reimbursement from the syndicate Accounts Party.

Explore Boat Share Options

Choose the boat that suits your budget, boating experience and lifestyle expectations