Splash­ing out to cap­ture slice of su­pery­acht wealth

The Sunday Mail (Queensland) - - PRIVACY FOR SALE -

THE State Govern­ment will to­day launch a spe­cial de­vel­op­ment fund in a bid to give Queens­land busi­nesses a big­ger slice of the lu­cra­tive in­ter­na­tional su­pery­acht mar­ket.

Su­pery­achts, lux­ury ves­sels that are longer than 24m, have be­come big busi­ness in boat­ing, with their mil­lion­aire own­ers, guests and crews pour­ing mil­lions of dol­lars into lo­cal economies around the world.

Queens­land Min­is­ter for State De­vel­op­ment, Man­u­fac­tur­ing, In­fra­struc­ture and Plan­ning Cameron Dick will to­day un­veil de­tails of the state’s new Su­pery­acht In­dus­try De­vel­op­ment Fund.

The pro­gram will of­fer fund­ing of $335,000 over the next five years as part of the state’s Su­pery­acht Strat­egy 2018-23.

Mr Dick said the fund would help Queens­land en­ter­prises gain in­dus­try-re­lated cer­ti­fi­ca­tion, as well as build re­la­tion­ships and con­nec­tions in the in­ter­na­tional mar­ket.

“We want Queens­land to be­come a lead­ing Pa­cific su­pery­acht des­ti­na­tion, and this fund­ing will help de­liver this vision,” he said.

“Su­pery­acht own­ers put con­sid­er­able time, money and ef­fort into main­tain­ing their su­pery­achts and this is a fan­tas­tic op­por­tu­nity for Queens­land busi­nesses to cash in.”

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