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.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Bridges’ ‘Meth Crooks’ Leadership Failure

Back in June, Bridges publicly accepted that Housing NZ had got it wrong, and that the National government had acted upon bad advice.

Now, you’d think this admission would create a broad bi-partisan basis for compensation to those families who had been unfairly evicted, at considerable cost and emotional distress. Some people had lost their possessions in trying to meet the expense of the upheaval.

Not everyone felt so compassionate. More>>


Multimedia & Transcript: Acting PM's Press Conference

Winston Peters, Acting Prime Minister while Jacinda Ardern is in New York for the UN Leaders' Week, held a short press conference Monday after chairing this week's cabinet meeting. More>>

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says. Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders. More>>


Pay Equity: Cabinet Funds Deal For Oranga Tamariki Social Workers

The Minister said that an agreement in principle has been reached between Oranga Tamariki and the PSA on a settlement worth $114.6m over five years. More>>


Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>


Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>


No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>





InfoPages News Channels