Key economic issues facing marine based industries in the South East Marine Region
G. Love, ABARE
Commonwealth of Australia, 2004
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About the document
The South-east Marine Region includes marine areas within the Australian Government’s jurisdiction off Victoria, Tasmania (including Macquarie Island), southern New South Wales and eastern South Australia. Broadly, the Region includes all of the waters and seabed within the 200 nautical mile limit of the Exclusive Economic Zone (EEZ), stretching from the eastern most point on Kangaroo Island, encompassing waters off Tasmania and Victoria, through to latitude 36°S off New South Wales – just North of the Victoria / NSW border.
The South-east Marine Region is of great economic importance to the Australian economy. It directly and indirectly supports many thousands of jobs and other economic activity through a range of marine-based and marine dependent industries including aquaculture, biotechnology, commercial fishing, offshore oil and gas, ocean waste disposal, tourism, ship and boat building, ports and marinas and tourism.
Because of the Region’s economic importance, the Australian Government, through the South-east Regional Marine Plan (Action 1.3.2), commissioned the Australian Bureau of Agricultural and Resource Economics (ABARE) to undertake an economic study into the marine industries of the Region. The project was done in consultation with the Department of Agriculture, Fisheries and Forestry, the Department of Industry, Tourism and Resources, the Department of Transport and Regional Services and the National Oceans Advisory Group.
The outcomes of the project include:
- a short overview of the various marine-based industries currently operating in Australia’s South-east Marine Region
- an overview of the economic importance of these industries to the regional and national economies
- an analysis of the current and emerging economic issues affecting (or with the ability to affect) the various commercial marine activities in the Region and a discussion of their causes
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