Consultation on methodology used for valuing the impact of aquaculture on commercial quota under the regulations

The Ministry recently consulted on:

1. developing an arbitration methodology to determine whether a proposed aquaculture activity would generate materially greater value to New Zealand than the commercial fishing activity it impacts; and
2. determining the compensation payable to quota owners if adverse effects are undue.

A range of submissions were received.

Submissions

 1. JG Wright (PDF 143KB)
 2. Matthew Hardyment – BYX Fishing Company (PDF 43KB) 
 3. Toroa Strategy (PDF 1.61MB) 
 4. Bill Wallace – Golden Bay Marine Farmers Consortium Ltd (PDF 57KB) 
 5. PauaMac 4&7 (PDF 492KB) 
 6. NZ Rock Lobster Industry Council (NZRLIC) (PDF 395KB) 
 7. New Zealand Seafood Industry Council (SeaFIC) (PDF 2.36MB) 
 8. Kahungunu Asset Holding Company (Kahungunu) (PDF 435KB) 
 9. SMW (PDF 339KB) 
 10. Sealord (PDF 621KB) 
 11. PauaMac5 (PDF 364KB) 
 12. PAU3 Industry Association (PDF 239KB) 
 13. Kina Industry Council (PDF 81KB) 
 14. Paua Industry Council Ltd (PDF 2.34MB) 
 15. New Zealand Federation of Commercial Fisherman (NZFCF) (PDF 286KB) 
 16. Talley’s (PDF 453KB) 
 17. NZ King Salmon (NZKS) (PDF 537KB) 
 18. Challenger Group Ltd (PDF 5.58MB)
     • Capital Economics – Bryce Wilkinson 
     • Opinion of Dr Phillip Joseph
 19. Sanford (PDF 2.42MB) 
 20. Bruce Hearn – Apex Marine Farm Ltd (PDF 36KB) 
 21. PauaMAC4 (PDF 323KB)

Please note that submissions 22, 23, 24, 25, 26, 27, 28, and 30 were completed online and are available to review at: 
 Arbitration methodology (PDF 142KB) 
 Determining compensation (PDF 306KB)

22. Rod Christensen – Commercial fishing (online submission – see above)
23. Brian Hahn – Commercial Fishing (online submission – see above)
24. Anonymous – Aquaculture (online submission – see above)
25. Matt Byx – Commercial fishing (online submission – see above)
26. Joan Bridge – Commercial Fishing (online submission – see above)
27. New Zealand Marine Farming Association (online submission – see above)
28. Unknown (online submission – see above)

 29. Te Ohu Kaimoana (TOKM) (PDF 158KB)

30. Courts Fishing Ltd (online submission – see above)

Background Information

• Consultation Document 1: Undue Adverse Effects of Aquaculture on Fishing – Regulations for determining whether marine farming or commercial fishing would provide materially greater value to New Zealand under section 186ZR of the Fisheries Act 1996
• Consultation Document 2: Undue Adverse Effects of Aquaculture on Fishing – Regulations for determining value and compensation under section 186ZR of the Fisheries Act 1996
• Scenario calculations (These calculations were used in the development of the consultation document and are meant to serve as background information only.)
• Consultation Questions and Answers
• Cabinet Paper 512 – Undue Adverse Effects Test – Further options to provide a better balance between fishing and aquaculture
• Cabinet Minute Undue Adverse Effects Test – Rescind Threshold  
• EGI Minute of Decision Undue Adverse Effects Test – Further options to provide a better balance between fishing and aquaculture
• NZIER QA for UAE Valuation Formula  
• Regulatory Impact Statement UAE Test 
• LEGC Aquaculture in New Zealand Part 1 - Preliminary analysis
• LEGC Aquaculture in New Zealand Part 2 - Supplementary analysis
• Ernst Young report – New Zealand Aquaculture: Industry Growth Scenarios (10 September 2009)
• TAG Re-starting aquaculture report
• The Aquaculture Legislation Reform Bill (No 3) as introduced
• 2nd reading version of the Bill
• 3rd reading version of the Bill
• The seafood industry proposal
• The policy response to the seafood industry proposal
• Submissions and evidence considered by the Select Committee
• Information on arbitration:
  • Arbitration Act 1996
  • The Arbitrators’ and Mediators’ Institute of New Zealand (AMINZ):
    o Dispute Resolution Services
    o New Zealand Dispute Resolution Centre
• Information on deemed values
• FishServe – Blue Book
• Statistics New Zealand Fish Monetary Stock Account report

To learn more about the aquaculture legislative reforms visit here>>