New approach recommended for Queensland's aquaculture regulation
Monday, July 28, 2014, 23:50 (GMT + 9)
The Queensland Competition Authority (QCA) has released a draft report recommending a new approach to regulation of the aquaculture industry in Queensland.
The QCA believes that Queensland's aquaculture sector has significant commercial potential but regulatory risk is a significant barrier to new investment. The regulatory approval process is protracted, with no certainty about outcomes.
“The State Government has asked the QCA to investigate regulatory reforms which would boost investment in Queensland’s AUD 80 million (EUR 55.9 million) aquaculture industry. Aquaculture is a high value-added industry which can, in the right locations, deliver superior returns to many traditional crops. While the industry has been growing at a respectable 4 per cent a year, there are concerns that its full potential is not being realised," said QCA chairman Ma... FULL STORY