"Pyrmont Pact" to promote strong future for commercial fishers
Source: New South Wales. Minister for Primary Industries. Media Release.
"A new era in economic and environmental sustainability for the state’s commercial fishing industry has been reached following the adoption of the "Pyrmont Pact", Primary Industries Minister Ian Macdonald said today.
Minister Macdonald said the new scheme is designed to promote the long-term viability of the industry.
A reform program will now be developed which will include:
• Initial restructuring with minimum shareholdings and exit grants;
• A comprehensive review of industry regulatory requirements and streamlining DPI administrative systems;
• Creating tools to provide for tradeable input and output controls so fishers will be able to choose between the type of gear used and types of catch limits and quotas;
• Moves towards a risk-based model for managing fish resources; and
• Initiating an industry development program to enhance the economic value of product to fishers and improve industry and government co-operation."