COMMONWEALTH OF AUSTRALIA
Primary Industries and Energy Research and Development Act 1989
Fisheries Research and Development Corporation Regulations 1991
DETERMINATION OF THE COMMONWEALTH FISHERIES GROSS VALUE OF PRODUCTION (GVP) FOR 2012–13
Pursuant to subsection 30A(2) of the Primary Industries and Energy Research and Development Act 1989 and Regulation 4D of the Fisheries Research and Development Corporation Regulations 1991, I, Ian Thompson, First Assistant Secretary, Sustainable Resource Management Division, being an officer authorised for this purpose by the instrument of authorisation approved on 24 June 2008 by the then Minister for Agriculture, Fisheries and Forestry, hereby determine that the Commonwealth Gross Value of Production (GVP) for the financial year 2012–13, being the GVP for that financial year of goods that are the produce of that part of the fishing industry that is managed by, on behalf of, or pays levies directly to the Commonwealth, is $370,683,000.
Dated this thirtieth day of May 2013
Ian Thompson
EXPLANATORY STATEMENT
Primary Industries and Energy Research and Development Act 1989
Fisheries Research and Development Corporation Regulations 1991
DETERMINATION OF THE COMMONWEALTH FISHERIES GROSS VALUE OF PRODUCTION (GVP) FOR 2012–13
Under subsection 30A(2) and (3) of the Primary Industries and Energy Research and Development Act 1989, the amount paid to the Fisheries Research and Development Corporation from the Consolidated Revenue Fund shall be based on the Gross Value of Production (GVP) of the Commonwealth fishing industry.
Subsection 30A(5) of the Primary Industries and Energy Research and Development Act 1989 and 4D of the Fisheries Research and Development Corporation Regulations 1991 provides for the Commonwealth GVP in a given year to be an average of the GVP for the relevant and the two preceding financial years. The authority to determine the Commonwealth GVP has been delegated to the First Assistant Secretary of the Sustainable Resource Management Division of the Department of Agriculture, Fisheries and Forestry.
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) has estimated, to the nearest thousand dollars, the GVP of the Commonwealth managed fisheries in the financial years 2010–11, 2011–12 and 2012–13. These estimates are:
Commonwealth fisheries | 2010–11 ($’000) | 2011–12 ($’000) | 2012–13 ($’000) |
ABARES data | 377,739 | 366,955 | 367,356 |
The rounded average of the above is $370,683,000.
On the basis of the above calculation, the Commonwealth GVP for 2012–13 is determined to be $370,683,000.