| Decision | Consent granted Sections 57D(a) of the Fisheries Act 1996 |
|---|---|
| Decision Maker | The Minister for Oceans and Fisheries and the Associate Minister of Finance |
| Decision Date | 21 July 2022 |
| Pathway(s) | Fishing quota under the Fisheries Act 1996 |
| Investment | Annual catch entitlement (ACE) for green-lipped mussels of up to 10 tonnes in the GLM9 quota management area. |
| Consideration | Not applicable. Consent is for right to acquire ACE up to the total consented amount from vendors in any number of transactions in the open market. |
| Applicant | MacLab (NZ) Limited as trustee of the MacLab (NZ) Unit Trust and Biomex Trustees Limited as trustee of the Biomex Trust Australia (97.50%) New Zealand (2.50%) |
| Vendor | Unknown quota holders Various (100%) |
| Background |
The Applicant is a trustee of a trust ultimately owned by an Australian family which has been involved in mussel farming and processing businesses since the 1970s, when they formed what is now the MacLab business. The Applicant extracts compounds from juvenile and adult green-lipped mussels for use in the nutraceutical industry (i.e. non-pharmaceutical food containing health-giving properties), and owns and operates a number of mussel farms in the South Island, and a processing factory in Nelson. For consent to be granted, Ministers needed to be satisfied that the granting of consent was in the national interest, having regard to the relevant factors set out in section 57H(2) of the Fisheries Act 1996. Ministers were satisfied that the granting of consent was in the national interest. |
| More information | Nick Crang Duncan Cotterill (Wellington) PO Box 10-376 Wellington |