The West Australian fishing industry that has long exemplified successful export orientated local enterprises, now faces the threat of annihilation from Premier McGowan’s pugnacious policies. The proposed law tries to create more rock lobster stocks for a barely existent local market through enforced expropriation. If this bill passes the upper house, fishermen stand to lose their livelihoods.
The laws only set WA’s fishing industry back to the 1970s where it was uncompetitive and unprofitable as the government will seize over 17 percent of the fish stock. This will deter private investment and discourage new entrants while wrecking the industry. The prospect of such government overreach is unwarranted and exploitative based off the anaemic justification that rock lobsters are a ‘local rarity’.
Rock lobster fishermen rely heavily on the prices our exports attract due to high demand in Asian markets. The shockwaves of McGowan’s law are already being felt in the … Read the rest