21 Nov 2005

Solomons misses out on and estimated US$8m in fishing access fees

10:28 am on 21 November 2005

The government in Solomon islands has lost an estimated 8 million US dollars in revenue after charging the wrong amount for fishing access.

The auditor general found that the Fisheries Department failed to comply with the provisions of the Bilateral Fisheries Agreements.

Solomon Islands Broadcasting says rate charged is based on the catch and its sales value.

The auditor General says points out that the Fisheries Department failed to monitor the process and instead relied on records provided by the companies concerned.

He says these records are not always accurate and the government should be collecting its own figures.