The world's first commercial bungee jump was established in Queensland in 1987 at the AJ Hackett Bungy site. This adrenaline-pumping activity allows thrill-seekers to experience the exhilaration of leaping from great heights while safely attached to a bungee cord.The world's first commercial bungee jump was established in Queensland in 1987 at the AJ Hackett Bungy site. This adrenaline-pumping activity allows thrill-seekers to experience the exhilaration of leaping from great heights while safely attached to a bungee cord.