COMMONWEALTH OF AUSTRALIA

Primary Industries Research and Development Act 1989

Fisheries Research and Development Corporation Regulations 1991

DETERMINATION OF THE STATE/TERRITORY FISHERIES GROSS VALUE OF PRODUCTION (GVP) FOR 2015–16

Pursuant to subsection 30A(2) of the Primary Industries Research and Development Act 1989 and Regulation 4E of the Fisheries Research and Development Corporation Regulations 1991, I, Ian Thompson, First Assistant Secretary, Sustainable Agriculture, Fisheries and Forestry Division, being an officer authorised for this purpose by the instrument of delegation approved on 22 July 2014 by the then Minister for Agriculture, hereby determine that the state or territory Gross Value of Production (GVP) for the financial year 2015–16, being the GVP for that financial year of goods that are the produce of that part of the fishing industry that is managed by or on behalf of the particular state or territory indicated in the Schedule, is, in each respective case, the amount shown in the Schedule.

SCHEDULE

* Does not include input from the Commonwealth-managed southern bluefin tuna fishery.

Dated this twenty third day of May 2016

Ian Thompson

EXPLANATORY STATEMENT
 

Primary Industries Research and Development Act 1989

Fisheries Research and Development Corporation Regulations 1991

DETERMINATION OF THE STATE/TERRITORY FISHERIES GROSS VALUE OF PRODUCTION (GVP) FOR 2015–16

Under subsection 30A(2) and (3) of the Primary Industries 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 that state or territory’s fishing industry.

Subsection 30A(5) of the Primary Industries Research and Development Act 1989 and 4E of the Fisheries Research and Development Corporation Regulations 1991 provides for the GVP of each state and territory in a given year to be the average of the GVP for the relevant and the two preceding financial years. The authority to determine the state and territory GVP figures has been delegated to the First Assistant Secretary of the Sustainable Agriculture, Fisheries and Forestry Division of the Department of Agriculture and Water Resources.

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) has estimated, to the nearest thousand dollars, the GVP of the state and territory fishing industries in the financial years 2013–14, 2014–15 and 2015–16. These estimates are:

On the basis of the above calculation, the state and territory GVP figures for 2015–16 are determined to be:

* Does not include input from the Commonwealth southern bluefin tuna fishery