I am curious how they came up with the $800,000 figure. And if and when it is paid, where does that money go?

It is interesting in light of the current discussion on dredging, how the goverment puts a value on the damage done to the reef by the yacht, but seems unconcerned about the dredging.

One can only assume that they, the goverment and elected officials, are either ignorent of the consequences of dredging or find it opportunistic to cash in on someone elses mistakes.