Beside the argument of it's pathology, l believe the holding tank solution - a properly built and maintained one - is a good one. My yacht was built with an inbuilt waste tank and it can be pumped out with it's own pump or sucked out.
I am a cynic, l don't believe a legislation is going to hold someone back from defecating.
At least the holding tank encourages using ones boat.

When the tank is getting full one must go sailing outside the heads and there, far far away, to pump it out, because in NSW pumping out stations are few and far between, and they are standardised for one valve fitting only!

In Qld. they are much more updated in this regard with their little pump out trolleys with a simple sucking hose! No fitted connector-valves!
As long as nature is not regulated, animal toilets built for fishes, birds etc. I am not fussed as long as it is done sensibly. Once we have to go, we have to go and any legislation is only as good as the paper been printed on is good for wiping afterwards.