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

Veronika Meduna: The Kaikoura Rebuild

A Scoop Foundation Investigation

Friday will be a big day for people north of Kaikōura – and for hundreds of construction workers who are racing to reopen State Highway 1 in time for the holiday season.

By the afternoon, the South Island’s main transport corridor will be open to traffic again, more than a year after a magnitude 7.8 earthquake mangled bridges and tunnels, twisted rail tracks and buried sections of the road under massive landslides. More>>

 

BPS HYEFU WYSIWYG: Labour's Budget Plans, Families Package

“Today we are announcing the full details of the Government’s Families Package. This is paid for by rejecting National’s tax cuts and instead targeting spending at those who need it most. It will lift 88,000 children out of poverty by 2021." More>>

ALSO:

Gordon Campbell: On Defence Spending, Alabama, And Dolly Parton

The spending lavished on Defence projects to meet the risks that could maybe, possibly, theoretically face New Zealand in future is breath-taking, given how successive governments have been reluctant to spend even a fraction of those amounts on the nation’s actual social needs. More>>

ALSO:

Members' Bills: End Of Life Choice Bill Passes First Reading

The End of Life Choice Bill in the name of David Seymour has been sent to a select committee for consideration by 76 votes to 44. It is the third time Parliament has voted on the issue in recent decades and the first time such a Bill has made it over the first hurdle. More>>

ALSO:

State Sector: MPI Survives Defrag Of Portfolios

The Ministry for Primary Industries will not be split under the new government, but will instead serve as an overarching body for four portfolio-based entities focused on fisheries, forestry, biosecurity and food safety. More>>

ALSO:

Gordon Campbell: On Vulnerable Kids, RNZ Funding, And Poppy

The decision to remove the word ‘vulnerable’ from the Ministry for Vulnerable Children could well mark a whole shift in approach to the care of children in need... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages