Primary Industries Research and Development (Total Gross Value of Production of Fisheries for 2024-25) Determination 2025
I, Sarah-Jane McCormack, delegate of the Minister for Agriculture, Fisheries and Forestry, make this Determination under subsection 30A(4) of the Primary Industries Research and Development Act 1989 (the PIRD Act) as it continues to apply under subitem 4(2) of Schedule 4 to the Primary Industries (Consequential Amendments and Transitional Provisions) Act 2024 in relation to the financial year beginning on 1 July 2024.
For the purposes of the definition of final total GVP in subsection 30A(4) of the PIRD Act, the amount of the gross value of production of the 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, for the financial year beginning on 1 July 2024 is determined to be $3,788,589,000.
Dated 24 June 2025
Sarah-Jane McCormack
First Assistant Secretary, AgVet Chemicals, Fisheries and Forestry Division
Department of Agriculture, Fisheries and Forestry
Overview
The Primary Industries Research and Development (Total Gross Value of Production of Fisheries for 2024-25) Determination 2025I was enacted in 2025 to address the need for an accurate assessment of the gross value of production (GVP) for the Australian fishing industry in the financial year starting on 1 July 2024. This determination was made by Sarah-Jane McCormack, a delegate of the Minister for Agriculture, Fisheries and Forestry, under the authority granted by subsection 30A(4) of the Primary Industries Research and Development Act 1989 (PIRD Act), as it continues to apply under subitem 4(2) of Schedule 4 to the Primary Industries (Consequential Amendments and Transitional Provisions) Act 2024. The determination provides a comprehensive figure of the total GVP for the fishing industry, calculated to be $3,788,589,000, which will serve as a basis for relevant research and development funding allocations and policy decisions. The policy objective of this determination is to ensure that the fishing industry receives appropriate support and investment for its continued growth and sustainability.
Scope and Application
The Primary Industries Research and Development (Total Gross Value of Production of Fisheries for 2024-25) Determination 2025I applies to the fishing industry across Australia, encompassing all parts of the industry managed by the Commonwealth, a State, or a Territory. The determination sets the total gross value of production (GVP) for the fishing industry at $3,788,589,000 for the financial year beginning on 1 July 2024. This legislative instrument extends the application of the Primary Industries Research and Development Act 1989, ensuring that funding and research initiatives for the fishing industry are aligned with the latest economic data. The determination is made under the authority of the Minister for Agriculture, Fisheries and Forestry and does not specify exclusions or exemptions, applying uniformly to all entities within the fishing industry.
Key Provisions
The Primary Industries Research and Development (Total Gross Value of Production of Fisheries for 2024-25) Determination 2025I (the Determination) made under subsection 30A(4) of the Primary Industries Research and Development Act 1989 (PIRD Act) specifies the gross value of production (GVP) of the fisheries industry for the financial year commencing on 1 July 2024. According to this Determination, the total gross value of production (GVP) for the fishing industry in Australia for the 2024-25 financial year is set at $3,788,589,000. This amount is the total revenue generated from all fishing activities, whether managed by the Commonwealth, a State, or a Territory. This figure is critical for calculating the research and development levies applicable to the fisheries industry under the provisions of the PIRD Act.
Under the Determination, there are specific obligations placed on the parties involved in the fisheries industry. These obligations include reporting the GVP accurately and ensuring that all fishing activities are accounted for within the stated total. The determination sets a clear benchmark for the industry's financial contribution towards research and development initiatives. Furthermore, it mandates that all entities involved in the fishing industry must adhere to this GVP figure for levy calculations and other relevant statutory obligations.
Failure to comply with the provisions outlined in the Determination could lead to various consequences. While the Determination itself does not explicitly list offences, penalties, or consequences for non-compliance, breaches of the PIRD Act or related legislation could result in penalties. For instance, under the PIRD Act, non-compliance with reporting requirements or incorrect declaration of GVP could attract fines. The exact penalties would depend on the specific provisions of the PIRD Act and other relevant legislation, which might include substantial financial penalties or legal action against the offending parties.