Police have named the two victims of a yachting accident off the NSW south coast.
Experienced sailors Sally Gordon, 47, of Darling Point, and Andrew Short, 48, of The Spit, were pulled unconscious from the water early on Saturday morning, but couldn't be revived, police said.
Their yacht, Shock Wave, sponsored by PriceWaterhouseCoopers, crashed into rocks off Flinders Islet and ran aground at about 3am (5am NZT).
The 16 surviving crew members were rescued and taken to Wollongong hospital suffering minor injuries and hypothermia.