A desperate search has been launched for a missing man after two people were found clinging to the side of a boat that had overturned.
The yacht had three people on board and overturned off Lady Elliott Island near Gladstone, in Queensland, on Sunday morning.
It is understood the yacht was travelling from Yeppoon to Brisbane when it struck trouble.
The boat was about four nautical miles south of Lady Elliot Island when an EPIRB was activated at about 5am, the Courier Mail reported.
A search and rescue operation involving multiple vessels, police divers and a Bundaberg-based rescue helicopter was launched by emergency services.
The rescue helicopter found two men clinging to the side of the vessel at about 10.15am.
The pair were flown to Bundaberg Hospital.
All three men are believed to be experienced sailors.
The search for the third man continues.