Queensland’s beautiful coastline and world-class marine environments are the envy of the world, and one of our state’s leading tourism attractions. These advantages, along with our skilled workforce and excellent marine infrastructure, make us a prime location for superyacht activity.
The Queensland Superyacht Strategy 2018-23 ( 2 MB) sets out our support for growing this high-value industry.
The Superyacht Strategy envisions that by 2023 Queensland’s share of the global superyacht sector will have increased by 10% and that Queensland will be recognised as the key superyacht hub in the Asia Pacific region. This growth would create thousands of new highly-skilled jobs across the state and contribute hundreds of millions of dollars to our state’s economy.
The strategy sets out four priority action areas:
- supportive, clear and well-communicated policy
- promote infrastructure to facilitate industry growth
- promote Queensland as a global superyacht destination
- support and develop Queensland’s superyacht supply chain.
What is a superyacht?
In Australia, superyachts are luxury vessels with a master and crew, carrying 12 guests or fewer (not including staff) and with a minimum length of 24 metres. Superyachts do not carry cargo.
The superyacht industry encompasses leisure and charter vessels and their global supply chains.
Superyacht Industry Development Fund
The Superyacht Industry Development Fund offers support to small and medium businesses supplying to, or with the potential to supply to, the superyacht industry. One round will run each year, with applications assessed competitively.
Small-to-medium enterprises interested in accessing the superyacht industry can receive matched funding of up to $19,000 per year. These funds go toward industry certifications, attending international trade shows and bringing international delegations to Queensland to promote their capabilities.
Funding recipients to date:
- Gold Coast City Marina and Shipyard (Coomera)
- Rivergate Marina and Shipyard (Murrarie)
- Abell Point Marina (Airlie Beach)
- Seaspec Marine Services (Coomera)
- Trinity Fire Services (Cairns)
- Carter Marine Agencies (Cairns)
Find out more about the SIDF ( 431 KB).
Superyacht Strategy Champion
Mr Michael Healy MP, Member for Cairns, is the Queensland Government’s Superyacht Strategy Champion. In this role, he works across the state to assist with implementing the actions contained in the Superyacht Strategy.
We’re committed to fostering emerging and priority industry sectors with global growth potential. Sectors like the superyacht industry help to diversify our state’s economy and create the knowledge-based jobs of the future. Find out about Queensland’s other priority industry sectors.