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 closed on Friday, 14 February 2020.
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
To apply for Industry Certification and Accreditation funding assistance, complete the online application form. You’re encouraged to read the guidelines before completing the form.
Departmental staff in your local regional office can also assist you. Contact details for local regional offices are provided in the guidelines.
However, it is important to note that departmental staff are not responsible for developing the business’s application for funding assistance.
No, there is no file size limit.
Recipients of the fund must complete all approved activities within the timeframe stated on the funding agreement with the department. The maximum timeframe is 18 months from the commencement date specified in the agreement.
Yes. In order to apply, it’s essential your business currently provides products and services, or has the current capability to supply products or services, to meet national or international superyacht market needs.
Certification activities that were already underway prior to opening the fund are not eligible to receive assistance. Only certification activities that are listed as eligible in the guidelines and commenced after the fund opened on 17 December 2019, will be considered for funding assistance.
Applications will be assessed against the eligibility requirements of the program and the assessment criteria listed in section 6 of the guidelines.
During the assessment process, you may be asked to clarify information or provide further information to enable full assessment of your application and a due diligence appraisal.
The department will notify you in writing about the progress of your application within 8 weeks of the 14 February 2020 closing date.
Yes. The department complies with all relevant Australian and Queensland laws, including the Privacy Act 1988 and Right to Information Act 2009 by having appropriate processes in place to secure and protect the privacy of all personal and commercial-in-confidence information.
In the event your application is successful, you will be contacted by the department and informed of the amount and timing of the funding. The business name of the recipient, a brief description of the funded activity, and value of the grant may be made public by the department.
Matched funding cannot be sourced from 'in-kind' (i.e. non-cash) contributions, or other Commonwealth or Queensland Government grant programs. Matched funding is an upfront requirement and it is the applicant’s responsibility to ensure the business has adequate cash-flow available to accommodate all activity costs (i.e. eligible and non-eligible costs) at the time of application, and for the duration of the approved certification or accreditation activities.
Yes. Payment of eligible costs incurred will be made in arrears and after evidence of payment is provided to the department (i.e. copies of official receipts issued for payments made). Claims for payment must be accompanied by an official tax invoice addressed to the department.
Under Australian taxation law, government grants are treated as financial assistance payments and may constitute a taxable supply for GST purposes. The department recommends applicants seek independent professional taxation advice regarding their business tax obligations. All funding assistance paid by the department to approved applicants will not include GST.
No. For further information, refer to the list of ineligible activities and costs under section 5.1 of the guidelines.
Yes. However, your business must employ less than 200 FTE employees throughout Australia. Furthermore, eligible costs must be incurred in relation to certification and / or accreditation of the Queensland-based operations, systems or products. It is reasonable that business operations located outside of Queensland may also benefit from the certification or accreditation, provided there is no additional cost, or any additional costs are met separately.
No. While compliance with the above regulations is required, it is not necessary to provide evidence of this with your application. However, you will need to ensure that evidence of compliance can be produced if requested by the department during the application assessment process.
If you are seeking certification to an international standard, you will need to:
- engage a consultant to carry out the pre-certification tasks that are required. As a minimum requirement, the consultant you select must be certified to ISO9001 or AS/NZS ISO 9001
- engage an independent certification body that is accredited by JAS-ANZ, or the International Association of Classification Societies (IACS), to inspect and certify that your business fulfils the requirements of the specified international standard.
For a guide to certification bodies in Australia, see www.jas-anz.org or www.iacs.org.uk. Other international accreditation organisations can be found on the International Accreditation Forum website at www.iaf.nu.
Both the Gold Anchor and International Clean Marina accreditation schemes require marina operators to undertake self-assessment / audit processes. You can find additional information about these processes at:
Funding assistance may only be claimed by a successful applicant where eligible costs are incurred as a direct result of engaging:
- an external consultant to undertake self-assessment / audit works on behalf of the applicant in accordance with the Gold Anchor and International Clean Marina requirements
- a Gold Anchor or International Clean Marina assessor to undertake a final assessment of the marina and the relevant accreditation is awarded.
No. The quote from your consultant must be valid for up to 90 days from the date it was issued. Please ensure your quote is dated on or after 17 December 2019.
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.