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Fishing Licences As Security For Loans., Fisheries Department Of Western Australia.
Fishing Licences As Security For Loans., Fisheries Department Of Western Australia.
Fisheries management papers
During mid 1988 the Minister for Fisheries at that time, the Hon Julian Grill, sought the establishment of a committee of advice to examine security arrangements for financial institutions providing funds for fishing licences and fishing boats. The prime objective of the Committee was to examine and report upon the requirements for establishing fishing licences as a form of collateral for loans. The major issue before the Committee arose from licence holders seeding generally the means by which their investment in a fishing licence could be used as security, whereas lending institutions sought to ensure their loans would be adequately …