COMMONWEALTH OF AUSTRALIA
Primary Industries Research and Development Act 1989
Fisheries Research and Development Corporation Regulations 1991
DETERMINATION OF THE TOTAL FISHERIES GROSS VALUE OF
PRODUCTION (GVP) 2021–22
Pursuant to subsection 30A(4) of the Primary Industries Research and Development
Act 1989 and Regulation 4C of the Fisheries Research and Development Corporation
Regulations 1991, I, Emma Campbell, First Assistant Secretary, AgVet Chemicals,
Fisheries, Forestry and Engagement Division, being an officer authorised for this
purpose by the instrument of delegation approved on 1 February 2020 by the then
Minister for Agriculture, hereby determine that the total Gross Value of Production
(GVP) for the financial year 2021‑22, being the GVP for that financial year of goods
that are the produce of all parts of the fishing industry, whether managed by or on
behalf of the Commonwealth, a state, or a territory, is $ 3,232,954,000.
Dated this 29th day of June 2022
E. Campbell
Emma Campbell
EXPLANATORY STATEMENT
Primary Industries Research and Development Act 1989
Fisheries Research and Development Corporation Regulations 1991
DETERMINATION OF THE TOTAL FISHERIES GROSS VALUE OF
PRODUCTION (GVP) 2021–22
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 the Australian fishing industry.
Subsection 30A(5) of the Primary Industries Research and Development Act 1989
and 4C of the Fisheries Research and Development Corporation Regulations 1991
provides for the total GVP of the fishing industry in a given year to be the average of
the GVP for relevant and the two preceding financial years. The authority to
determine the GVP for the Australian fishing industry has been delegated to the First
Assistant Secretary of the AgVet Chemicals, Fisheries, Forestry and Engagement
Division of the Department of Agriculture, Water and the Environment.
The Australian Bureau of Agricultural and Resource Economics and Sciences
(ABARES) has estimated, to the nearest thousand dollars, the GVP of the Australian
fishing industry in the financial years 2019–20, 2020–21 and 2021–22. These
estimates (made on 3 June 2022) are:
Australian fisheries | 2019–20 ($’000) | 2020–21 ($’000) | 2021–22 |
ABARES data | 3,133,601 | 3,088,215 | 3,477,046 |
The rounded average of the above is $3,232,954,000.
On the basis of the above calculation, the total GVP of the Australian fishing industry
for 2021–22 is determined to be $3,232,954,000.