A new magnitude 18.5 comet was discovered by Rob H. McNaught on images taken with the Uppsala 0.5 meter Schmidt telescope of the Siding Spring Survey on December 31, 2007. The comet was confirmed by D. M. Burton (Australian National University, ANU) using the 1 metre Siding Spring reflector. The preliminary orbital elements of the comet C/2007 Y2 (McNaught) indicate a perihelion passage on May 18, 2008 at a distance of 4.1 AU from the Sun. With this discovery of Rob McNaught now has 39 comets to his credit.