We present a new parametrization of a SU(3) fixed point (FP) gauge action u
sing smeared ("fat") gauge links. We report on the scaling behaviour of the
FP action on coarse lattices by means of the static quark-antiquark potent
ial, the hadronic scale r(0), the string tension sigma and the critical tem
perature T-c of the deconfining phase transition. In addition, we investiga
te the low lying glueball masses where we observe no scaling violations wit
hin the statistical errors.