Fisheries Adjustment Assistance Package
Consistent with the commitment for a more competitive and sustainable fisheries sector, the Australian Government will be moving to review the current management plans for the Commonwealth marine reserves announced in November 2012. The government will be appointing a scientific review panel and bioregional advisory panels to provide advice on future marine reserve arrangements.
The government is currently considering the implications of the review for any fisheries adjustment assistance package.
The Australian Government has set aside around $100 million for a Fisheries Adjustment Assistance Package that will support commercial fishers and fisheries directly affected by the introduction of the new Commonwealth marine reserves. This assistance package is consistent with the Fisheries Adjustment Policy which was released by the Government in May 2011.
The major elements of the Fisheries Adjustment Assistance Package include:
- Transitional Business Assistance - up-front payments to affected fishers with recent catch history in those parts of the new marine reserves where they will no longer be able to fish once the management plans are operational.
- Sectoral Measures - a total of up to $20 million will be awarded on a competitive basis to projects brought forward by research organisations and other bodies, in partnership with fisheries managers and the fishing industry, to improve the long term sustainability of fisheries displaced by the marine reserves.
- Removal of commercial fishing effort - the purchase of individual fishing entitlements or quota units in fisheries where required to maintain the economic and environmental sustainability of affected fisheries.
Fishers that receive Transitional Business Assistance will be able to participate in other elements of the assistance package. Payment under one element will be independent of payments made under another.
The government has also announced that there may be a small number of vertically integrated fishing businesses (those that catch and process their own fish and others' catch) with land based assets that may be significantly impacted by the new marine reserves particularly in the Coral Sea region. The government is working with these businesses to evaluate their need for assistance above that provided for in the core elements of the adjustment package.
Funding from the assistance package will flow in the 2013-14 financial year once management plans for the Commonwealth marine reserves are in place, but ahead of commercial fishing exclusions from the new reserves taking effect. This will enable businesses to make investments and changes to their business plans and operations as soon as possible.
The Government will work closely with industry and fisheries management agencies to implement the assistance package progressively over a number of years.
More detail on the elements of the assistance package is provided in the Fisheries Adjustment Assistance Package Fact Sheet.
Staying up-to-date on the Fisheries Adjustment Assistance Package
If you wish to receive our email updates about the Fisheries Adjustment Assistance Package, send your email address to Subscribe to Fisheries Adjustment Assistance Package email updates.
If you wish to be removed from the subscription list, send your email address to Unsubscribe from Fisheries Adjustment Assistance Package email updates
The Department will store and use all personal information collected by it in compliance with its obligations under the Privacy Act 1988 (Cth). Australian Government Privacy Statement.
Find out more
- Fisheries Adjustment Assistance Package for new Commonwealth Marine Reserves - Discussion paper, September 2012
- Fisheries Adjustment Policy (PDF - 473 KB) | (Word - 247 KB)