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Awarded Algal Bloom Fisheries and Aquaculture Assistance Grant to KI OYSTERS PTY LTD

Expires in 1yExpires Thu, 7 Oct 2027
Awarded 7 Nov 20251y 11mo term · 47% elapsed

About

Department of State Development awarded a contract to KI OYSTERS PTY LTD for an Algal Bloom Fisheries and Aquaculture Assistance Grant that provided up to $225,000 for eligible fisheries and aquaculture licence holders who had been unable to catch or harvest their usual volume, had to stop operations due to extended harvest closures, or had their licence fees waived.

The grant funds could be used to meet fixed costs and overheads, including utilities, rent, finance and interest payments.

Successful grant recipients were required to enter into a grant agreement with the Minister for Small and Family Business, administered by DSD, to receive the approved grant.

The Chief Executive, Department of State Development approved an exemption from disclosure/redaction of insurance details and licence numbers in grant agreements under Sections 22.4 and 22.5 of Premier and Cabinet Circular 027 on the grounds of public interest and legal risk.

Insight

The award represented targeted financial relief for fisheries and aquaculture operators affected by algal bloom-related operational impacts, limited to a maximum of $225,000 per recipient and governed by a formal grant agreement and a specific disclosure exemption to manage legal and privacy considerations.

Value
$220,000.00
State
SA
Category
Agriculture & Farming

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