Question On Notice No. 1848 asked in the Legislative Council on 12 February 2019 by Hon Colin De Grussa
Question Directed to the: Minister for Regional Development representing the Minister for Water; Fisheries; Forestry; Innovation and ICT; Science
Parliament: 40 Session: 1
Question
The Minister has stated that rock lobsters are a $6 billion resource, how did the Government reach this value and will the Minister table the modelling used to establish this figure?
Answered on 11 April 2019
I have stated that the western rock lobster resource is currently worth more than $5 billion (not $6 billion) consistent with industry valuation. For example, industry information indicates that the total capital value is estimated at $5.2 billion.