Fears of corporate takeover as SA Government seeks to put quotas on fisheries

Converting commercial fishing into a quota system could leave the industry open to corporate takeover, industry stakeholders fear, as the State Government seeks to tighten the net on fisheries with major reforms. SA Primary Industries Minister Tim Whetstone this month outlined key goals of a $24.5 million Marine Scalefish Fishery reform package he hoped to have in place by mid-2021, which would allocate transferable quotas to commercial fishing licenses. Marine Fishers Association executive officer Gary Morgan said the industry was made up of small local fishers who supplied local markets. If allocated quotas were not large enough for them to run a viable business, he said, “the majority wouldn’t have the money to buy additional quota” and could sell up. “Already, there have been companies sniffing around wanting to buy large chunks of quota,” Mr Morgan said. >click to read< 19:08

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