POINT Danger Marine Rescue volunteers will be keeping one eye to the sea and one eye to the hand after becoming custodians of the Centaur Memorial.

The memorial at Point Danger has the names of the 332 people who were onboard when the Australian hospital ship, Centaur, was sunk by a Japanese torpedo during World War 2 off the coast of Moreton Island.

Only 64 people survived the attack.

Marine Rescue Point Danger commander Bernie Gabriel said many volunteers had in interest in maintaining the Centaur Memorial as they were navy veterans themselves.

"We will be keeping an eye on the memorial and contact the Gold Coast City Council for any maintenance issues," Mr Gabriel said.

The 2/3 Australian Hospital Ship Centaur Association secretary Jan Thomas said the memorial was very important for all the family of those lost in the sinking.

"It's just a matter of someone being the guardian of the memorial," Ms Thomas said.

Ms Thomas said the original committee who looked after the memorial when it was established in 1993 were aging and it was becoming difficult to keep an eye on the site.

The committee approached the Tweed Heads/Coolangatta RSL sub branch about caring for the memorial and secretary John Griffin suggested that Point Danger Marine Rescue was in the best position to be guardians of the memorial.