MAKING Queensland a global superyacht centre is the aim of the Queensland government’s Superyacht Industry Development Fund.

State development minister Cameron Dick said grants through the fund would help local businesses secure a bigger share of the global superyacht market.

“Queensland is ready to be recognised as the key superyacht hub of the Asia-Pacific, and we want to help local businesses benefit from this boom,” Mr Dick said.

“Round 2 of our Superyacht Industry Development Fund is now open, so we’re calling on Queensland marine operators to tap into up to $19,000 in matched funding to help with business certifications, tradeshow participation and client attraction.


“When it comes to superyachts, Queensland has it all: location, infrastructure, workforce and industry capabilities.”

The Superyacht Industry Development Fund is part of the Queensland Superyacht Strategy 2018-23, which sets out the state’s plan to increase global industry market share by 10%.

Member for Cairns Michael Healy, said changes to federal legislation showed the strategy was working.

“Through the Special Recreational Vessels Bill, foreign-owned superyachts will now be available for charter in Australian waters,” Mr Healy said.

“The changes to this bill were advocated for in our superyacht strategy, and having it pass with bipartisan support gives great confidence to the industry.”

“This will attract more superyachts to Queenslan.”

The Queensland government is also partnering with superyacht peak bodies to help local industry connect with the international superyacht market.