A police statement said 19 of those rescued were taken to hospitals in Bundaberg and Gladstone for treatment of non-life threatening injuries after the vessel, Spirit of 1770, sank late yesterday.
Most of those on board were Chinese tourists, Nine Network television reported today.
The 23-meter catamaran was returning to the town of 1770 named after the year that British explorer James Cook landed on that stretch of the Australian coast after a day trip to Lady Musgrave Island when it caught fire and was abandoned 30 minutes later, police said.
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