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- 8 March 2006
Fishing Industry Buyout
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Page: 21184
The Hon. JON JENKINS: My question is directed to the Minister for Primary Industries. What is the Government's policy and position on buyouts for shared and other fisheries? Does the Minister or his Government have any estimate of the potential compensation claims for shared and other fisheries? If not, will Minister provide this House with an estimate of any potential compensation claims for shared and other fisheries? Will the Government give an absolute assurance that it will guarantee any and all moneys needed in case a buyout is required in the future for any reason, such as the current shambles in Sydney Harbour or current or future marine parks?
The Hon. IAN MACDONALD: I think the honourable member has got his question somewhat confused. In relation to marine parks, and the $5 million available for compensation in relation to Sydney Harbour, that is a specific funding grant to purchase specific licence holders in certain areas, such as marine parks and Sydney Harbour. In relation to share-managed fisheries, no current buyout policy is in place. As I understand the process, and it is under way at the moment, shares are allocated within that fishery between the current licence holders on the basis of history of use. Once that process is sorted out, in effect that fishery is covered by the allocation of shares. There is a need, I believe, for some buyout in commercial areas outside of marine parks and also Sydney harbour. We are working with a number of different bodies to put a plan in place, including the recreational fishing trusts.
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