Queensland’s beautiful coastline and world-class marine environments are the envy of the world, and among 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 under 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.
The Superyacht Strategy envisions that by 2023, Queensland will be recognised as the Asia-Pacific region’s key superyacht hub with its share of the global superyacht market having increased by 10%. This growth is expected to create thousands of new highly skilled jobs across the state and contribute hundreds of millions of dollars to our state’s economy.
Superyacht Industry Development Fund
The Superyacht Industry Development Fund supports Queensland’s small-to-medium enterprises (SMEs) and not-for-profits in the superyacht supply chain to:
- acquire internationally recognised industry certification and accreditation that enhance their ability to win superyacht contracts
- engage with overseas markets and international supply chain opportunities, including increasing participation at international trade shows.
The second round of the fund opened on 17 December 2019 with two streams of funding available.
Stream 1: Industry Certification and Accreditation
Applications for stream 1 funding will be accepted until 5.00 pm on Friday, 14 February 2020.
SMEs that supply or have the potential to supply to the superyacht industry, can apply for assistance to pursue marina accreditation or internationally recognised certification of their business systems and processes.
Grants up to $10,000 (excluding GST) in matched funding towards eligible costs will be awarded to approved applicants.
Stream 2: International Market Engagement
We’re partnering with Queensland’s two superyacht peak bodies, Superyacht Australia and Super Yacht Group Great Barrier Reef, to deliver stream 2 of the fund.
Superyacht Australia is leading consortia of eligible Queensland SMEs to the Tahiti Superyacht Rendezvous (June 2020), Monaco Yacht Show (September 2020) and Fort Lauderdale Boat Show (November 2020). The Super Yacht Group Great Barrier Reef will also lead consortia of eligible SMEs to the Tahiti Superyacht Rendezvous (June 2020) and Fiji Superyacht Rendezvous (August 2020).
Eligible businesses may participate in up to three tradeshows and we’re providing up to $3,000 in matched funding for businesses to offset eligible costs incurred from participating in these international market engagement events.
Also, Super Yacht Group Great Barrier Reef will host an international delegation to the Great Barrier Reef in May 2020 to showcase the region’s attractions and services. We’re contributing funds to help promote the capability of local Queensland businesses that service the global superyacht industry. This will include a Superyacht Information Forum featuring resident industry specialists and tours of local superyacht facilities and shipyards.
For more information about how you can participate and benefit from these opportunities, contact:
Frequently asked questions
How do I apply for Industry Certification and Accreditation funding assistance?
What is the role of departmental staff?
Is there a file size limit that can be uploaded in the online application portal?
What are the timeframes for completing activities supported by the Industry Certification and Accreditation stream?
Do I need to have existing products and market presence to apply?
Will activities already underway be considered eligible for funding assistance?
How will my application be assessed?
How will I know if my application is successful?
Will my application be treated as confidential?
What will not be considered as eligible sources of matched funding?
Do I need to have the matched contributions available upfront?
What GST obligations are associated with receiving funding assistance?
Are legal and accountancy fees considered eligible costs for reimbursement?
Is my business eligible for funding if its head office and/or most of its employees are based interstate?
Is it necessary to show evidence of compliance with Queensland industrial relations, and workplace health and safety regulations with my funding application?
What qualifications does my consultant need to help prepare my business for certification?
What costs can be claimed in relation to marina accreditation?
I already have a quote from my preferred consultant that is valid for 30 days, will this be adequate?
Fund recipients 2018-2019
Recipients from the 2018-2019 funding round are:
- 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)
Superyacht Strategy Champion
Mr Michael Healy MP, Member for Cairns, is the Queensland Government’s Superyacht Strategy Champion. He works across the state to help implement the strategy's actions.
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.