The Gold Coast is set to lose a major surfing event over quarantine bills.

The World Surf League is understood to be shipping the Corona open surfing event to New South Wales after the Queensland government refused to foot the bill for COVID quarantine for the champion surfers and their entourages. 

New South Wales and Western Australia are believed to have created a war chest of up to $5 million to attract major events to the state while the Queensland government was offering $500,000 for the major surfing event.