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Waning Investor Confidence in Salmon Industry

Rosalie Woodruff MP

Rosalie Woodruff MP  -  Tuesday, 11 April 2017

Tags: Fish Farms, Tassal

Ms Woodruff to move—That the House:—

(1) Notes the decision by the Australian Ethical Investment super fund to sell all its $10 million worth of shares in Tassal given their concerns about the sustainability of the salmon farming industry.

(2) Recognises that Australian Ethical Investment’s divestment from Tassal is a significant blow to the clean and green brand Tasmania’s salmon farming industry needs to remain nationally competitive.

(3) Understands the Liberal’s mismanagement of salmon farming regulation, a position supported by Labor, has cost the industry the trust of investment firms and the Tasmanian public.

(4) Acknowledges as long as the Minister for Primary Industries and Water, Hon. Jeremy Rockliff MP continues to perpetuate the myth that our farmed salmon industry regulations are “world’s best practice”, instead of setting strong and fair rules for industry competition and environmental values, he risks the industry’s reputation and the jobs it provides.

(5) Calls on the Minister to step in immediately to restore investor confidence by regulating the salmon industry for long-term environmental sustainability, transparency and accountability to the Tasmanian community.