Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Ceebay Fishing Quota Holding Approved

Treasurer and Minister of Finance Dr Michael Cullen and Minister of Fisheries Pete Hodgson have approved an application by Ceebay Holdings Limited to continue to hold New Zealand fishing quota.

Ceebay holds quota for several fish species, of which 10,638 tonnes or 94.6% is hoki. That holding is about 4% of national hoki quota.

Ceebay is jointly owned by Maruha Corporation of Japan (24.9%) and the New Zealand company Amaltal (75.1%).

When established in 1992, Ceebay's shareholding structure did not determine it in law to be overseas-owned. However the company qualified as overseas-owned under foreign ownership provisions in the Fisheries Act 1996 that came into effect on October 1, 1999.

Overseas persons and companies may not own New Zealand fishing quota without ministerial approval.

Dr Cullen and Mr Hodgson said they were satisfied Ceebay's application met legal requirements for the individuals controlling Ceebay to be of good character and for approval to be in the national interest.

"We have dealt fairly with a company that was caught by a change in the law," Mr Hodgson said.

The ministers also considered allegations that Maruha has been involved in whaling and illegal fishing for toothfish.

"It appears that Maruha's involvement with whaling is at the minimum required of all major fishing companies in Japan, while the allegations of toothfish poaching are both unproven and strongly denied," said Mr Hodgson.

"Maruha's connection with whaling is a concern, but it would be both ineffective and unfair to attempt to punish a single company for a national practice. New Zealand will continue to advocate vigorously in the appropriate international forums for an end to whaling, by Japan or any other nation."

Mr Hodgson said Ceebay's hoki quota was one of the few blocks available for lease to operators independent of the larger fishing companies. Maruha's involvement provided significant export market access to Japan.

Maruha has been involved in the New Zealand fishing industry since the 1950s.

Ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Whether Trump Is Likely To Be Impeached

'Tis the season to be jolly, and for wrapping a plea bargain under the Christmas tree for all ye formerly merry, Trump-connected gentlemen.

Reportedly, Michael Cohen, Paul Manafort and Michael Flynn have all been co-operating with the probe led by special counsel Robert Mueller.

Flynn has done 19 interviews so far. So what chance has the Trump presidency got of surviving, all things considered? More>>

 
 

Dealing Crackdown, Addiction Support: Government Action On Synthetics

The NZ Drug Foundation has welcomed the Government’s response to synthetic drug deaths. The response strikes a balance between giving law enforcement the tools they need to target criminal networks and changing drug law to make it easier for people to access help when they need it. More>>

ALSO:

Strategy Committee Unanimous: Wellington To Forge Ahead With Convention Centre

The three-storey Cable Street building, with around 18,000-square metres of floor space, will comfortably be able to host 1500 people for conventions. It includes a 1651sq m exhibition area that will attract international exhibitions too big for nearby Te Papa and provide an always-changing visitor attraction. More>>

ALSO:

Surveying The Surveillance: First IGIS Review Of Warrants Under New Act

The report sets out the Inspector-General’s interpretation of the new warrant provisions under the ISA and her expectations of the GCSB and NZSIS when they prepare warrant applications. More>>

SSC: 2018 Public Service Workforce Data Published

State Services Commissioner Peter Hughes has published the 2018 Our People, Public Service Workforce Data , which shows the Public Service is making significant progress in important areas. More>>

ALSO:

Sinking Cap: Auctions, Permanent Forests, Added To ETS

The move to auctions, signalled in an August consultation paper, will help put a cap on the number of emission units available over time. Annual announcements, looking forward five years, will help provide certainty for scheme participants, she said. More>>

ALSO:

Joint Select Committee Report: Achieving Smokefree 2025

In a historic first for select committees, the Māori Affairs Committee and the Health Committee presented their joint report on achieving the Smokefree 2025 goal to the House on Tuesday, 11 December 2018. More>>

"Shared Interests And Democratic Values": Peters To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. for talks with US Secretary of State Michael R. Pompeo and other senior members of the US Administration. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels