Superyacht mooring trial launched for Brisbane CBD
Some of Brisbane’s richest real estate will be moored on the river as part of a 12-month trialThe Queensland government will trial a single superyacht mooring at Kangaroo Point on the Brisbane River as it ramps up its latest bid to become a big boat playground.
The dedicated CBD mooring, below the Kangaroo Point cliffs, will stay in place for 12 months once it is installed over the next few months. During the trial, Maritime Safety Queensland will seek feedback from Kangaroo Point residents and the public about the location and the impact that the superyacht buoy mooring may have.
Related stories:
Taxpayers will subsidise the cost of the trial via second-round funding sourced from the government’s $335,000 Superyacht Industry Development Fund.
“We want to attract more superyachts to Queensland and Brisbane, and we want them to stay longer and spend more while they are here,” State Development, Manufacturing, Infrastructure and Planning Minister Cameron Dick said.
“The location provides convenient access to the Brisbane CBD and facilities allowing superyacht passengers and crew to enjoy all the city has to offer while also contributing to the economy of South-East Queensland.”
The Palaszczuk Government is banking on the superyacht industry to one day generate more than $1.1 billion in revenue, and support around 8000 jobs in South-East Queensland by the end of next year.
Further north, in places such as Cairns, the government is talking up to $580 million in superyacht-related revenue and about 4500 “full-time equivalent” jobs.
Passing traffic
Last year, the Queensland government separately tipped in $2 million to help Gold Coast-based Southport Yacht Club build a $7.7 million superyacht berth in an effort to lure in superyacht traffic passing between the 2020 Tokyo Olympic Games and the 2021 America’s Cup Challenge in New Zealand.
The state should also benefit from recent federal government changes to the way large internationally owned charter yachts visiting Australia are taxed.
Under the changes, instead of charging GST on the value of the motor yacht, owners only pay tax on the revenue they earn from chartering their vessel.
Queensland’s vision is that, by 2023, its share of the global superyacht sector will have increased by 10 per cent, and the state will be recognised as the key Asia pacific superyacht hub.
Tags
Please see our Editorial Guidelines & Code of Ethics (including for more information about sponsored content and paid events). The information published on this website is of a general nature only and doesn’t consider your particular circumstances or needs.
