Aquaculture for all

A$100M Will not Compensate for Marine Parks says Fisheries Association

Sustainability Economics Politics +4 more

AUSTRALIA - The fishing industry is shocked that the government believes that A$100 million will be adequate to compensate the fishing industry for the impacts of the proposed marine reserve networks, commented the Commonwealth Fisheries Association (CFA).

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There is a significant lack of understanding of what the plans mean for Australias fishing industry, says CFA.

The CFA is upset with the governments announcement that implied there would be minimal impact on industry. As we have made clear to the government throughout the consultation process Gross Value of Production (GVP) does not equate to the financial impact on industry or communities. said Trixi Madon, CFA CEO.

It is even more surprising that the government has arrived at this figure without talking to the fishing industry.

The impact of the marine reserves is much broader than just displaced fishing due to zoning, said CFA.

Fishers who will be allowed to continue to operate within the marine parks are currently left in limbo businesses are unnecessarily stressed as the government has created a climate of immediate financial uncertainty coupled with an adjustment package that is underestimated.

Ms Madon went on to say that in the absence of any draft marine reserve management plans industry and communities dependent on the industry had no opportunity to understand the direct financial implications. There are inevitably a range of impacts as a result of decisions of this magnitude.

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