Applicant
MacLab (NZ) Limited as trustee of the MacLab (NZ) Unit Trust and Biomex Trustees Limited as trustee of the Biomex Trust
Case number(s)
202100550
Decision date
Type
Decision
Decision Consent granted
Sections 57D(a) of the Fisheries Act 1996
Decision Maker The Minister for Oceans and Fisheries and the Associate Minister of Finance
Decision Date 21 July 2022
Pathway(s) Fishing quota under the Fisheries Act 1996
Investment Annual catch entitlement (ACE) for green-lipped mussels of up to 10 tonnes in the GLM9 quota management area.
Consideration Not applicable. Consent is for right to acquire ACE up to the total consented amount from vendors in any number of transactions in the open market.
Applicant MacLab (NZ) Limited as trustee of the MacLab (NZ) Unit Trust and Biomex Trustees Limited as trustee of the Biomex Trust
Australia (97.50%)
New Zealand (2.50%)
Vendor Unknown quota holders
Various (100%)
Background

The Applicant is a trustee of a trust ultimately owned by an Australian family which has been involved in mussel farming and processing businesses since the 1970s, when they formed what is now the MacLab business.  

The Applicant extracts compounds from juvenile and adult green-lipped mussels for use in the nutraceutical industry (i.e. non-pharmaceutical food containing health-giving properties), and owns and operates a number of mussel farms in the South Island, and a processing factory in Nelson.  

For consent to be granted, Ministers needed to be satisfied that the granting of consent was in the national interest, having regard to the relevant factors set out in section 57H(2) of the Fisheries Act 1996. 

Ministers were satisfied that the granting of consent was in the national interest. 

More information Nick Crang
Duncan Cotterill (Wellington) 
PO Box 10-376
Wellington