Friday, July 25, 2014

25/07/2014: Loosening the constraints of red tape down-under

New aquaculture 'development areas' could be set up in central and northern Queensland if a report by the state's competition authority is adopted, reports ABC Rural.

The draft report recommends reforming regulation in the Aus$80 million industry to better reach its potential and attract more investment.

But prawn farmers say there's still a lot of work to be done.

For the past 10 years, tight regulations and environmental concerns have stifled Queensland’s aquaculture industry.

But the State Government has asked the Queensland Competition Authority to investigate reforms to help boost investment. The QCA has recommended offering investors more certainty by earmarking development areas for land-based aquaculture spanning 450 hectares.

Each would have its own government-developed regulatory code. That would require all three levels of government to work together to streamline red tape, which Queensland Agriculture Minister John McVeigh says his government is prepared to do.

"It's in line with our overall objective of reducing regulation in agriculture in general. We've been focused on that from a planning perspective already."

Read more HERE.

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