A Member of Parliament questions the Minister regarding the valuation of the western rock lobster resource, seeking clarification on the figure and the modelling used to determine it. The Minister clarifies the figure and refers to industry valuation.

AnsweredQoN 1848Legislative Council
Asked
12 February 2019
Portfolio
Water; Fisheries; Forestry; Innovation and ICT; Science

QuestionView source ↗

The Minister has stated that rock lobsters are a $6 billion resource, how did the Government reach this value and will the Minister table the modelling used to establish this figure?

AnswerView source ↗

Answered
11 April 2019
Responded by
Minister for Regional Development representing the Minister for Water; Fisheries; Forestry; Innovation and ICT; Science
Response time
17 days
I have stated that the western rock lobster resource is currently worth more than $5 billion (not $6 billion) consistent with industry valuation. For example, industry information indicates that the total capital value is estimated at $5.2 billion.

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