Commonwealth Consolidated Acts

FISHERIES MANAGEMENT ACT 1991 - SECT 3A

                   The following principles are principles of ecologically sustainable development :

                     (a)  decision‑making processes should effectively integrate both long‑term and short‑term economic, environmental, social and equity considerations;

                     (b)  if there are threats of serious or irreversible environmental damage, lack of full scientific certainty should not be used as a reason for postponing measures to prevent environmental degradation;

                     (c)  the principle of inter‑generational equity--that the present generation should ensure that the health, diversity and productivity of the environment is maintained or enhanced for the benefit of future generations;

                     (d)  the conservation of biological diversity and ecological integrity should be a fundamental consideration in decision‑making;

                     (e)  improved valuation, pricing and incentive mechanisms should be promoted.