AFMA collects a range of information on which to base its decisions. Much of this information is for the purpose of evaluating the biological and ecological status of fisheries resources. AFMA also uses information about the economics of its fisheries, for example exchange rates, cost of diesel and other input costs.
From July 3, 2017, concession holder must report the prices of all transferred quota and gear SFRs on the transfer form (in GoFish or on the paper form).
AFMA understands the concerns of clients and takes the handling of sensitive information very seriously. To protect commercial and sensitive information, AFMA will only release information as permitted under its legislative and policy framework. AFMA plans to publish SFR price data in aggregated (summary) form only. SFR prices of single trades will not be published. Furthermore, AFMA will not publish SFR price data prior to 1 July 2019.
In the future, AFMA may also collect price information for other concession types. AFMA will notify those affected of any changes prior to them occurring.
How to Report SFR prices
How to guide Leasing SFRs to another client and reporting the trading price
How to guide Transferring SFRs to another client and reporting the trading price
More information can be found in the FAQ’s below. If you have any enquiries regarding this matter, please contact licensing by phone at1 300 723 621 or by email at email@example.com.
Rationale behind the collection of quota trading prices
The rationale for the mandatory reporting of quota trading prices is that this information, in combination with other pricing and fishery information, promotes flexibility and economic efficiency in fisheries, helps to improve fisheries management and helps to increase economic benefits to the industry and the Australian community. Some of the benefits are described below:
- Understanding quota prices (lease and permanent transfer) along with other key costs (fuel) and revenue (fish) prices can assist AFMA to understand the profitability and cost structure differences between fishers who own vs lease quota.
- Information on the value of quota SFRs, a major asset of the fishing industry, can assist in contextualising the importance of the sector.
- Quota prices may also assist AFMA to understand factors that drive behaviour (for example a high lease price that is marginally less than the fish sale price may drive discarding fishers who do not own quota for the species).
- Accurate quota prices will also send signals to policy makers about the economic and bio-ecological health of a fishery and allow, for example, the creation of economic indicators which help to monitor the impacts of management decisions.
SFR price information FAQ’s
The entity (person/company) selling quota or gear SRFs must enter the price of SFRs that are being leased or permanently transferred.
- An SFR package is transferred with an agreed price for the package, but not separate prices for each individual type of quota or gear.
- A profit sharing arrangement is entered into and no money is exchanged for the quota (for example, where the SFRs were transferred without payment on the agreement that both parties would share part of the revenue or profit from the sale of fish).
- The SFRs were a gift or loan.
- You swapped SFRs for SFRs of another species (or other products and/or services).
- Other situations where no money is exchanged.
In all of these situations the seller must accurately estimate prices for each individual quota SFR type and record that the prices are estimates in the
appropriate place on the form.