Fisheries Minister John McVeigh has invited commercial fishermen to consider selling their fishing licences as part of the East Coast Commercial Net Fishing Reduction Scheme.
Fisheries Minister John McVeigh has invited commercial fishermen to consider selling their fishing licences as part of the East Coast Commercial Net Fishing Reduction Scheme. Toni Somes

McVeigh urges fishermen to consider selling fishing licences

THE State Government has set aside $9 million to buy back up to half of the State's commercial fishing licences.

Fisheries Minister John McVeigh has invited commercial fishermen to consider selling their fishing licences as part of the East Coast Commercial Net Fishing Reduction Scheme.

He said the Queensland Rural Adjustment Authority would provide the terms of the offer and information about the scheme.

The first invitation for offers will focus on primary commercial fishing boat licences endorsed with N1 or N2 fishery symbols - these symbols authorise the use of commercial nets in Queensland's East Coast Inshore Fin Fish Fishery.

"Industry has asked for a 50% reduction of net licences - we'll work towards this target.

"We know what licences are currently trading for, so we'll be able to ensure offers are assessed based on the current market value to make sure only reasonable offers are accepted."

Mr McVeigh said the voluntary, competitive tender process would ensure the fairest and best outcome across the fishery, rather than targeting specific areas and individuals.

The buyback scheme will run from November 26, 2012, to January 11, 2013.

For further information, visit www.qraa.qld.gov.au or call QRAA on Freecall 1800 623 946.


Replays: Watch action from day 2 of state cricket titles

Premium Content Replays: Watch action from day 2 of state cricket titles

Watch the Queensland under 16 cricket boys finals

Gatton Magistrates Court appearances for today

Premium Content Gatton Magistrates Court appearances for today

Here is a list of matters listed at Gatton Magistrates Court

Thirsty bottle shop thief on verge of jail sentence

Premium Content Thirsty bottle shop thief on verge of jail sentence

Bottle shop staff have chased a man down the road after he pinched two bottles of...