​Media release

Commonwealth fisheries deliver great value for Australia

21 November 2016

On a day where we celebrate fisheries around the world, Assistant Minister for Agriculture and Water Resources, Senator Anne Ruston, says Australia’s wild caught fisheries continue to thrive with data from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) showing a 25 per cent increase in the gross value of production (GVP) for Commonwealth managed fisheries in the last financial year.

Preliminary estimates from ABARES show that the GVP of Commonwealth fisheries grew from $350.3 million in 2014-15 to $439 million in 2015-16. Furthermore, the latest ABARES Fishery status reports 2016 shows that, for the third year in a row, no solely managed Commonwealth fishery stock was subject to overfishing.

“This is a fantastic outcome for the Australian community, the fishing industry and seafood lovers in Australia and around the world,” Minister Ruston said. 

“As well as tasting great and being good for you, seafood continues to be a key contributor to our economy, especially in rural and regional Australia.

“Healthy stocks backed up by world-leading science have allowed industry to increase the sustainable harvest in 2015-16 boosting the supply to consumers and providing economic benefits to industry and communities.

“It demonstrates that through continued innovation and science-based management, profitable fisheries can be achieved while ensuring that current and future generations can continue to enjoy a healthy supply of Australian seafood.

“Across the world, the global love of seafood is also increasing with the global per capita fish consumption rising to above 20 kilograms a year for the first time in 2016.

“Even with this increase in demand, with Australia’s strict rules and regulations and decisions based on the latest available science and data, there will be seafood to be enjoyed for many generations to come.

“Importantly, as we head into the holiday season, and many starting thinking about their Christmas menu, you can have confidence that if you are buying seafood from a Commonwealth managed fishery, the product you are buying is from a sustainable, well managed fishery.”

Some key species caught in Commonwealth fisheries to look out for are: tiger and banana prawns, yellowfin tuna, flake, Bass Strait scallops, tiger flathead, pink ling, blue-eye trevalla and school whiting.  For more information on the management of Commonwealth fisheries visit afma.gov.au​.​