NATIONAL LOWERS FISHING INDUSTRY COSTS AS
PROMISED
Fisheries Minister, Hon John Luxton, today
announced that Cabinet had approved a $4.8 million reduction
in cost recovery levies for the fishing industry. Mr Luxton
also confirmed that the changes to the fisheries cost
recovery rules would be backdated to 1 October
1999.
Today's decisions follow consultation with approved
stakeholders on rules provisionally approved by Cabinet on
23 August 1999. The rules are based on recommendations made
by a joint working group of the Ministry of Fisheries,
Treasury, industry and the Treaty of Waitangi Fisheries
Commission.
"Cost recovery has been a bone of contention
between industry and Government since 1994. National has
delivered on its commitment to implement a fairer regime
and I am pleased that we have achieved a good result by
working constructively together."
"The changes will allow
an already thriving industry to further build on its success
as New Zealand's fourth largest export earner," Mr Luxton
said.
Consultation will now begin on the specific details
of each levy, with a view to the new regime being in place
by 1 December 1999.
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