Phuket tourist
Roger John Hussey (left) smiled for the camera as his wife filmed him preparing for the water sports activity on Kata Beach in Phuket on Wednesday. But within moments of being lifted in the air, he plunged more than 100ft into the shallow water below (right)
Emergency services rushed Mr Hussey to the nearby Patong Hospital but he was pronounced dead a short time later.
The Perth-based businessman and his Thai-born wife Budsabong Thongsangka were reportedly just 12 days into their dream holiday.
Mr Hussey has had a decorated career in the business industry, as the 'CEO, director and chair of a range of Public, Government and NFP companies'.
In 1993 he was appointed as chairman of Australia's biggest betting and gambling association, the TAB. He had also previously worked for international fuel giant Shell.
Emergency services rushed Mr Hussey to the Patong Hospital but he was pronounced dead a short time later
The horrific footage shows him come free from his harness before he falls to the water below
The two staff who were charged were named as the parasilor Rungroj Rakscheep, 38, and Montien Chandeng, 45, the boat captain
According to his social media accounts, Mr Hussey was educated at the prestigious Oxford University where he completed a Masters' degree in Economics and Politics.
He later also studied at the renowned Stanford University in California, United States.
In the wake of Mr Hussey's death, the boat operator and staff member on the parasail were reportedly both arrested and charged with recklessness leading to death.
Lt. Col. Suwisit Keereerak, Deputy Chief Inspector of Karon Police Station, said they were now investigating the accident.
The two staff who were charged were named as the parasailor Rungroj Rakscheep, 38, and Montien Chandeng, 45, the boat captain.
According to his social media accounts, Mr Hussey (pictured) was educated at the prestigious Oxford University where he completed a Masters' degree in Economics and Politics
He has served as chairman of the TAB, on the board of fuel giant Shell and also on a number of not-for profit boards such as Princess Margaret Hospital. He also formed his own $250 million business
Mr Hussey has had a decorated career in the business industry, as the 'CEO, director and chair of a range of Public, Government and NFP companies'
They reportedly told police Mr Hussey accidentally pulled on a hook which led to him unstrapping his harness, causing him to fall to the sea below.
Officers said Mr Hussey had 'red marks on his body' from when he is believed to have hit the water.
Mr Hussey's body was sent for a post-mortem examination to establish how he died as it is not known if he drowned or was killed from the impact.
The shocking incident comes just months after another Australian tourist died on the same beach, while also taking part in water activities.
The shocking incident comes just months after another Australian tourist Emily Jayne Collie died on the same beach (pictured), while taking part in water activities with her boyfriend
The 20-year-old was pulled unconscious from the water after crashing her jet-ski into one her boyfriend was riding in early February
Emily Jayne Collie was pulled unconscious from the water after crashing her jet-ski into one her boyfriend was riding in early February, again on Kata Beach.
The 20-year-old was treated on the beach by lifeguards, before she was pronounced dead on arrival at hospital. She died from severe injuries to her neck and shoulders.
Her boyfriend Tommy Keating, who was left in tears after the incident, said sunlight reflecting off the water had led to the crash.
The couple had been in a relationship for about two years and had gone to Thailand on a 'dream holiday', much like Mr Hussey and Ms Thongsangka.