Statement of Non-Departmental Contingent Liabilities and Contingent Assets
as at 30 June
This statement discloses situations that exist at 30 June, the ultimate outcome of which is uncertain and will be confirmed only on the occurrence of one or more future events after 30 June.
Quantifiable Contingent Liabilities
|
|
2008
Actual
$000
|
2007
Actual
$000
|
|
|
Department
|
|
| Legal proceedings |
1,850 |
950 |
|
|
Total quantifiable contingent liabilities
|
1,850
|
950
|
|
Legal proceedings relate to:
(a) potential liabilities relating to the administration and management of the scampi fishery ($1.700 million); and
(b) estimated costs relating to validating legislation for aquaculture reforms through the court process ($0.150 million).
Unquantifiable Contingent Liabilities
The Ministry has a number of contingent liabilities which cannot be quantified at 30 June 2008. These arise primarily from:
(a) the appeal of Catch History Review Committee decisions;
(b) permitting decisions;
(c) three judicial reviews;
(d) a Treaty of Waitangi claim; and
(e) aquaculture:
- an appeal against an Environment Court decision that Tasman District Council has to accept applications for aquaculture prior to AMAs being established. This decision has potential impacts on the aquaculture reforms and the Mäori Aquaculture Settlement; and
- a declaratory judgement that Tasman District Council’s AMAs are not “new space” for the purposes of the Mäori Commercial Aquaculture Claims Settlement Act.
Contingent Assets
The Ministry on behalf of the Crown has no material contingent assets (2007 nil).