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"Knowing our seafood comes from sustainable fisheries is good news for fishers, consumers, and for the sector's ongoing health," said NZ Oceans and Fisheries Minister.

Stephanie Hopkins returns to her former position, which she left to work as Advisor at the New Zealand Ministry for Primary Industries.

Aquaculture New Zealand said the immediate compensation payment offers a short-term relief, and the Government recognizes it as a start, but more is expected.

With a net loss of NZD 20.8 million, the salmon farming company remains confident about long-term growth opportunities.

The NZ Coalition Government announced the passage of a new bill that protects marine aquaculturists from costly permit reviews.

Akaroa King Salmon CEO Stewart Hawthorn will succeed long-standing Chair and industry pioneer Bruce Hearn, who is retiring.