Commercial Fisheries Business Adjustment Program
The NSW Government is committed to creating an economically viable, environmentally sustainable commercial fishing industry where fishers have the opportunity and certainty they need to grow their businesses and provide the people of NSW with locally caught fresh seafood and bait for recreational fishing.
Under the current fisheries management arrangements, in most cases the value of fishing rights (shares) is not proportional to catch or effort. By linking shares with catch or fishing effort, the Commercial Fisheries Business Adjustment Program seeks to create greater certainty for fishers, greater viability for the industry and more sustainable fisheries.
Business Adjustment Program update
The Structural Adjustment Review Committee (SARC) has recently undertaken targeted consultation with industry and other key stakeholder groups over its Draft Recommendations. The SARC has now carefully considered all feedback received and has made its Final Recommendations to the Government. The Minister will now consider these recommendations before making final decisions on share linkages.
In making its Final Recommendations the SARC considered a number of independent economic reviews, more than 1,300 individual submissions to the review process, and extensive stakeholder feedback.
The SARC made significant changes to earlier options in its Draft Recommendations after considering the stakeholder submissions, as outlined in the responses to common concerns document, and conducting further economic analysis. Key changes included:
- modifying the $16 million adjustment program to better support fishers to assist both fishers who wish to leave the industry and those who wish to purchase more shares
- removing a number of "high impact" measures from consideration and
- giving commercial fishers more time to adjust to the changes before they commence.
The three-year cap on management fees has been maintained for the relevant share management fisheries, in order to maintain certainty during the transitional phases of the Business Adjustment Program.
- Business Adjustment Program Frequently Asked Questions
- Responses to common concerns raised by Commercial Fishers
Presentations by the SARC on each of the Draft Recommendations can be viewed here.
The Exit Grants are an important part of the Business Adjustment Program, as it assists fishers to make the necessary transition and will help to ensure the best outcomes for industry viability.
Support for Commercial Fishers
The NSW Government is committed to helping commercial fishers make the transition under the new Business Adjustment Program. A range of Government support is available, including the Rural Financial Counselling Service and Small Business Advice services.
Support and information can be provided by the relevant fisheries managers:
- Ocean Trap & Line
- Veronica Silberschneider (02) 9435 4679
- Ocean Hauling
- Joshua Foster (02) 6691 9674
- Ocean Trawl & Estuary Prawn Trawl
- Darren Hale (02) 6645 0503
- Estuary General
- Darren Reynolds (02) 6691 9682
- Industry Liaison
- Chad Lunow 0437 942 142
- Ministerial media release: Securing the future of the commercial fishing industry (PDF, 109.38 KB)
- SARC Draft Recommendations
- Business Adjustment Program FAQs
- Exit Grant FAQs
- Share Trading Notice Board
- YouTube: Message from SARC chair
Useful Business Adjustment Program information
- Economic Analysis of NSW Commercial Fisheries Reform Package - final report (PDF, 557.3 KB)
- Fisheries Management Amendment Bill
- Fishery shares and shareholding information - April 2015
- NSW Fishing Cooperatives Viability Study- Final Report (PDF, 955.35 KB)
- NSW commercial fishing statement of intent (PDF, 83 KB)
- Government's response to the recommendations of the Independent Review (PDF, 156.58 KB)
- Independent Review of Commercial Fisheries Policy, Management and Administration