Welcome to Coral Reef Rescue
Coral Reef Rescue ( CRR ) is a unique new era environmental organisation that gets real outcomes in the marine waters of Australia.
Reach Us
About Coral Reef Rescue
CRR works with marine operators to withdraw some of their catching effort of Australian marine resources on a given year. This is only done with quoted resourses where there is the clear ability to have third party certification of the catch that was not brought ashore during that given quota period. Much of this quota runs parallel with the Australian financial year.
We have partnered with a number of operators that are significant in thier fields of operation. This include both wild marine harvesters as well as licence aquaculture operators. This means investors in the products CRR has allows those investors weather private, corporate, or public to know they are making real outcomes in, sea life, bio diversity, future marine volumes.
More about CRRWe have partnered with a number of operators that are significant in thier fields of operation. This include both wild marine harvesters as well as licence aquaculture operators. This means investors in the products CRR has allows those investors weather private, corporate, or public to know they are making real outcomes in, sea life, bio diversity, future marine volumes.
CRR is audited by Arnold and Partners
CRR is audited by Arnold and Partners, which is a respected Perth accountancy firm with its offices in based in Perth. Coporate Marine partners with CRR have their quota data audited independently by Arnold Partners which then is able to produce a full audit, and unitise trail of the product concerned. This authenticates the original legal licencing structure, and quota. The audit for a given year then authorises the number of units available for sale for that year. That is how many units were not used in the audit period.
Contact Us NowCoral Reef Rescue
This can only legally be done on a year by year basis. At the end of the year its a simple method in the first instance of how many units are left. Remember, in all these operations we deal with CAN NOT roll over quota. Therefore we have a fixed quantum each year that is audit certified.
In effect, buyers of the units are not buying the units of the fishery, they are buying the time of the operator to not harvest some of his quota that year, and this function is measured by the units not collected, with these units converted to something an investor can understand.
For example, if a macheral fisherman, who's quota is 100,000 kg a year, and he decides to not collect 50,000 kg, then there are 50,000 units/ kg not caught. If the average macherall is 8 kg then every 8 units is a living fish that is not brought ashore. Therefore the uncollected 50,000 kg/units is 6,250 fish.
CRR would sell 6250 fish to not be caught. With each unit selling for 9.50 AUS each it means each fish would be available for 76 dollars.
In effect, buyers of the units are not buying the units of the fishery, they are buying the time of the operator to not harvest some of his quota that year, and this function is measured by the units not collected, with these units converted to something an investor can understand.
For example, if a macheral fisherman, who's quota is 100,000 kg a year, and he decides to not collect 50,000 kg, then there are 50,000 units/ kg not caught. If the average macherall is 8 kg then every 8 units is a living fish that is not brought ashore. Therefore the uncollected 50,000 kg/units is 6,250 fish.
CRR would sell 6250 fish to not be caught. With each unit selling for 9.50 AUS each it means each fish would be available for 76 dollars.