Fishing licence buyback so popular it's been expanded

SO MANY commercial fishing teams have been reeled in by a State Government plan to buy back their fishing licences that the deal will now be expanded.

The first round finished on January 11, but Fisheries Minister John McVeigh said the interest in offloading the licences prompted an extension.

In total, 104 applications were received with 22 licence packages being accepted for a deal - a total of 71 symbols.

Symbols determine where commercial fishers can operate.

The amount of money on offer from the Queensland Government - $9 million - remains unchanged, but Mr McVeigh said he was keen for more commercial fishers to take advantage of the deal.

Another round of offers begins on March 4, running until March 28.

"We will again be focusing on primary commercial fishing boat licences endorsed with N1 or N2 fishery symbols," he said.

The deals are being handled by the Queensland Rural Adjustment Authority.

For more information, visit qraa.qld.gov.au



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