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Australian tennis prodigy Bernard Tomic is set to lose his licence after being caught speeding in his Ferrari on the Gold Coast this morning.

AAP reports Queensland Police clocked the 20-year-old travelling at 78km/h in a 60km/h zone in his yellow $400K-plus Ferrari F430 Spider at about 10:25am on Tuesday.

Tomic was issued the standard $220 fine and three demerit points, although an existing poor driving record following a number of earlier offences will see his licence suspended.

Australia’s highest-ranked men’s singles player was fined $1000 on Australia Day in 2012 after being caught speeding twice and being pursued after failing to stop for police for a third time.

He was placed on a 12-month good behaviour bond with just one demerit point in November after again failing to stop for police while driving his bright orange BMW M3.

At least Tomic’s form on the court has picked up in 2013, with the young gun winning his first ATP tour event in Sydney before going down to Roger Federer in the third round of the Australia Open.