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Under what condition is a magnetic compass not required on a boat?

  1. If the boat is over 24m in length

  2. When a boat has an auto-navigation system

  3. If the boat is 8m or less in length and operated within sight of navigation marks

  4. All boats require a magnetic compass regardless of conditions

The correct answer is: If the boat is 8m or less in length and operated within sight of navigation marks

A magnetic compass is not required on a boat if only option C applies - if the boat is 8m or less in length and operated within sight of navigation marks. Options A and B are not sufficient conditions on their own to exempt a boat from needing a magnetic compass. However, it is important to note that option D is incorrect because even if a boat meets the conditions in option C, it does not necessarily mean that it does not require a magnetic compass. Therefore, option D is incorrect.