Qld Govt releases aquaculture green paper

The Fish Site
by The Fish Site
12 January 2007, at 12:00am

AUSTRALIA - The Queensland Government has released its draft policy for the marine aquaculture industry, amid claims that over regulation is hurting business.

It is estimated the industry is worth $500 million to Australia annually, but Queensland only contributes about $1.5 million.

The president of the Queensland Aquaculture Industries Federation, Dr Trevor Anderson, says red tape is turning investors away.

"It creates a whole set of uncertainty for potential investors and what the green paper is doing is developing a draft policy by which development can go ahead, so it is the first step in which delivering more certainty for investors," he said.