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CSIRO Salmon cages. Australia's aquaculture industry has an annual value of more than $600 million and is expanding at the rate of 20% per year. Aquaculture in Australia is the country's fastest-growing primary industry, accounting for 34% of the total gross value of production of seafood.
An Aquaculture Advisory Council composed of various industry, government and external stakeholders was formed to inform the process. Aquaculture zones for prescribed use have been established across the state's waters. Companies apply to the South Australian government to lease an area of water within these zones to grow certain permitted species.
The Mid West aquaculture zone, some 3000 hectares in size, was proposed in 2013 and received environmental approval in 2017. [9] Indian Ocean Fresh Australia's competitor Huon Aquaculture has the largest lease in the zone, some 2,200 hectares, but as of August 2020 had not commenced any fish farming activity within it. [10]
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Seafood in Australia comes from local and international commercial fisheries, aquaculture and recreational anglers. [1] It is an economically important sector, and along with agriculture and forestry contributed $24,744 million to Australia's GDP in year 2007–2008, out of a total GDP of $1,084,146 million.
Huon Aquaculture is a large aquaculture and food processing enterprise located in Tasmania, Australia. Founded in 1986, Huon has grown to become the second largest salmon producer in the state, after ASX -listed Tassal ; it employs 487 Tasmanians and produces 25,000 tonnes of salmon annually. [ 2 ]
Australian Tuna Fisheries Pty Ltd was founded by Hagen Stehr and registered in 1963. [1] In the year 2000 it was renamed The Stehr Group and established Clean Seas. [2]The company successfully controlled the life-cycle of the Yellowtail kingfish and invested substantial research and development effort in trying to achieve the same for the Southern bluefin tuna from 2005 onwards.
Tassal is a Tasmanian-based Australian salmon farming company founded in 1986. It was listed on the Australian Securities Exchange (ASX) from 2003 until 2022. Tassal is the largest producer of Tasmanian grown Atlantic salmon, supplying salmon to both domestic and international markets.