The fishing industry has expressed alarm over the government's proposal to increase the bycatch levy from 15% to 50%, warning that the move could threaten the viability of companies and lead to job losses.
Industry representatives argue that the steep hike would force vessels to stop operating, as the additional costs would make fishing economically unfeasible. The proposal, which is currently under review, has sparked concerns about the potential impact on coastal communities that depend on the fishing sector.
The government has not yet confirmed the exact timeline for the implementation of the levy increase, but industry leaders are calling for a more gradual approach to avoid sudden disruptions. The bycatch levy is designed to discourage the capture of non-target species and promote sustainable fishing practices.
