This project seeks to position the NT seafood industry to have a clear understanding of suitable and cost effective, valued systems and processes for adoption. It is the critical first step required to aid a shift in the behaviour and culture from a government driven data collection process for legislative purposes, to a process that is trusted and valued by industry to deliver data insights beyond regulatory requirements. As a result, it will help position the NT wild harvest and aquaculture sectors with securing access, investment and development opportunities.

Current negotiations for access to Aboriginal-owned tidal waters have reached a critical point. A gap exists in understanding what level of industry adjustment might be required to ensure Indigenous investment in the industry is not unnecessarily impacted. Better understanding the full value of the NT seafood industry to the NT community could assist with all strategic decisions related to Blue Mud Bay negotiations, infrastructure investments – and help support investment in the industry going forward.

Without a plan to enhance the visibility of the wider socio-economic value and benefits of our industry, we will continue to face increasing pressure on our social licence to operate – which has the potential to impact all aspects of the local industry, including access, industry structure and increased fees. It will also limit our ability to identify the best opportunities for future growth and sustainability.

Further, there is limited availability of current financial and economic information for our individual NT wild harvest fisheries and sector specific aquaculture activities. Due to this lack of information there is little scope for economic analysis, hence limiting opportunities for providing advice to policy and decision makers.

FRDC requires mechanisms to assess and govern the data for which it is custodian or may become custodian of. FRDC requires a data governance framework that builds on the concepts of the NFF Farm Data Code and other Agricultural data best practices for use by FRDC data stakeholders. A data governance framework will ensure that FRDC BAU and project data is captured, managed and distributed with accountability, consistency, security and meets defined standards throughout the data lifecycle. As a coordinating industry body, it is essential that FRDC leads the way with a robust, considered approach to data management. This will place FRDC as a best practice example, it will enable consistent discussion and guidance to stakeholders and data partners and will provide a consistent foundation for overall trust and capability in the use of data as well as providing a foundation for the FRDC to maximise the value of data created through the Australian innovation system. It is expected that subsets of the FRDC data governance framework will be developed in the future to extend support to FRDC stakeholderss.