I welcome the NSW Government’s decision to allow the independent Structural Adjustment Review Committee (SARC) more time to consider the Commercial Fisheries Reform Program.

I have made strong representations on behalf of constituents in my electorate who own and operate commercial fishing businesses to the NSW Government about concerns with the reform papers. The viability of the NSW commercial fishing industry has declined due to a range of reasons and the NSW Liberals & Nationals Government is committed to fixing this sector.

I am pleased the NSW Government has heard the concerns of local Heathcote commercial businesses and recreational fishers.

While the NSW Government is committed to delivering the Commercial Fisheries Reform Program, it is important it is done once and done right.

The independent SARC will now have enough time to adequately review the options papers and more than 750 submissions received, and to undertake further targeted consultation with industry before finalising recommendations to the NSW Government.”

The NSW Government has allocated $14 million to a structural adjustment package, which will be quarantined for the Commercial Fisheries Reform Program until this process is finalised.

I also welcome the decision to put in place a three-year cap on commercial fisheries management charges, which will reduce the financial burden on shareholders. This cap will provide some temporary certainty and stability as the reform program proceeds.