Commonwealth marine reserves

Commonwealth marine reserves

Fisheries Adjustment Assistance Package

The Fisheries Adjustment Assistance Package (the Package) will provide assistance to help commercial fishers and fisheries adjust to changes that will result from the displacement of commercial fishing from new Commonwealth marine reserves. This Package is consistent with the Fisheries Adjustment Policy which was release by the Government in May 2011. The major elements of the Fisheries Adjustment Assistance Package include:

Fishing businesses that receive the Transitional Business Assistance will be able to participate in other elements of the assistance program. Payment under one element will be independent of payments under another.

The Government has also made provision for additional assistance to a small number of Vertically Integrated Fishing Businesses (those that catch and process their own fish and others' catch) that are left with stranded non-fishing assets as a result of significant loss of access to historic supply. The Government will be working with these businesses to evaluate whether they require assistance above that provided for in the core elements of the adjustment package.

Assistance under the package will begin to flow next financial year (2013-14) 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 package progressively over a number of years.

More detail on the elements of the Package is provided in the Fisheries Adjustment Assistance Package fact sheet.

Discussion paper

The Department of Sustainability, Environment, Water, Population and Communities released a discussion paper outlining proposed features of a Fisheries Adjustment Assistance Package. The discussion paper served as a basis for consultation with the commercial fishing industry and fisheries management agencies ahead of decision on the design of the Package. The paper was presented without prejudice for discussion purposes.

Comments on the discussion paper have now closed.

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