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3.—(1) For the definition of “pleasure yacht” or “pleasure craft”, as the case may be, in the Regulations and Rules listed in Schedule 2 to these Regulations there shall be substituted the following:
“pleasure vessel” means—
any vessel which at the time it is being used is:
in the case of a vessel wholly owned by an individual or individuals is used only for the sport or pleasure of the owner or the immediate family or friends of the owner; or
in the case of a vessel owned by a body corporate, the persons on the vessel are employees or officers of the body corporate, or their immediate family or friends; and
on a voyage or excursion which is one for which the owner does not receive money for or in connection with operating the vessel or carrying any person, other than as a contribution to the direct expenses of the operation of the vessel incurred during the voyage or excursion; or
any vessel wholly owned by or on behalf of a members' club formed for the purpose of sport or pleasure which, at the time it is being used, is used only for the sport or pleasure of members of that club or their immediate family; and for the use of which any charges levied are paid into club funds and applied for the general use of the club; and
in the case of any vessel referred to in paragraphs (i) or (ii) above no other payments are made by or on behalf of users of the vessel, other than by the owner.
In this definition “immediate family” means—
in relation to an individual, the husband or wife of the individual, and a relative of the individual or the individual’s husband or wife, and “relative” means brother, sister, ancestor or lineal descendant.
(2) For all references in the Regulations and Rules listed in Schedule 2 to pleasure craft or pleasure yachts there shall be substituted references to pleasure vessels.
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