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.
Following consultation with industry AFMA will collect more information about gear and quota Statutory Fishing Right (SFR) prices. Initially, this information will be collected from sellers on an optional basis via new fields on AFMA’s SFR lease and transfer forms and GoFish.
AFMA will review the information that is provided over the next three to six months, and will decide whether to continue collecting price information on an optional or mandatory basis. 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
From September 2016, fishing operators can record the price of leased and permanently transferred gear and quota Statutory Fishing Rights (SFRs).
More information can be found in the FAQ’s below. If have any enquiries regarding this matter, please contact Beth Gibson, Senior Manager of Policy, Environment, Economics and Research on (02) 6225 5305.
SFR price information FAQ’s
The entity (person/company) selling the quota SRFs should 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 should accurately estimate prices for each individual quota SFR type and record that the prices are estimates in the
appropriate place on the form.