How do I remove this?

[scrawnyronny]

I'm in the process of tearing down my boat for a rebuild and I'm trying to remove the steering. This shaft has a something on it preventing me from removing this black collar. Won't say how much time I've already wasted on this but I sure could use some help before I go with the BFH. Thanks

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[Bondo]

Re: How do I remove this?

Ayuh,... It's a half moon woodruff key...
Grab a hammer,+ chisel,+ tap it out, in-line with the shaft...

 

[seabob4]

Re: How do I remove this?

Ayuh...X2

 

[scrawnyronny]

Re: How do I remove this?

Learn something new everyday. Thanks guys.