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Australia’s negotiating framework for the eighteenth meeting of the Commission of Southern Bluefin Tuna – Regulation Impact Statement – Department of Agriculture, Fisheries and Forestry

On 14 October 2011, the Minister for Agriculture, Fisheries and Forestry and the Parliamentary Secretary for Agriculture, Fisheries and Forestry jointly announced that the Extended Commission for the Conservation of Southern Bluefin Tuna made a decision to adopt a formal rebuilding strategy  as a step towards recovering the stock of southern bluefin tuna back to sustainable levels.

The settings of global catch levels have been based on scientific advice to achieve the outcome of a sustainable stock. The rebuilding strategy adopted will assist the Australian southern bluefin tuna industry to remain profitable for the long term.

The Regulation Impact Statement was prepared by the Department of Agriculture, Fisheries and Forestry and was assessed as adequate by the Office of Best Practice Regulation.