October 2nd 2013 01:58
Minister for Agriculture, Fisheries and Forestry John McVeigh said the agreement followed extensive research on tropical marine finfish, and many months of negotiation with various parties by DAFF.
“As part of the research, we identified opportunities to enter the high-value Asian live fish trade,” Mr McVeigh said.
“I’m pleased to confirm a Licence to Occupy was signed with Macarthur Ventures Pty Ltd on Wednesday 25 September, providing long term surety to the emerging aquaculture industry in North Queensland,’ he said.
Director of Macarthur Ventures Peter Hay said the agreement would also offer employment opportunities to local staff.
“Given the specialised skills of the staff previously employed at the centre by DAFF, we are hoping to employ the majority of those staff,” Mr Hay said.
“We have also begun negotiations to continue and enhance the partnerships commenced by the department during the research phase to deliver finfish products to market.
“The tropical marine finfish industry and associated activities have many opportunities for growth in Australia and overseas, and I’m excited to be leading the investment in this venture.”