Tag Archives: ongoing trade sanctions

Licence fee reduction among government’s lobster support

The state government is set to provide relief to the state’s commercial rock lobster industry including a 50 per cent reduction in licence fees and an independent review into cost recovery. The industry has continued to feel the effects of ongoing trade sanctions imposed by China, which had been its biggest market, on top of a decline in domestic markets due to COVID-19. This includes a 50 per cent reduction in commercial rock lobster licence fees for the next year, which the government says will save the industry nearly $2.6 million in 2022-23 according to current Rock Lobster Cost Recovery Statements for 2021-22. >click to read< 09:45