0007 - mariculture and algaculture

SITUATION

Proposal Name: mariculture and algaculture infrastructure

Initiated By: name

Submission date: date

Background: Almost 70% of Earth's surface is covered in water, and with the progress of anthrogenic climate change that is set to increase. Aquatic ecosystems have been important sources of food and raw materials since the Paleolithic, but mostly wild-harvested rather than farmed. That has been changing in recent years, with the commercialisation of mariculture (fish farming in the water) and algaculture (farming algae). The regulatory environment in Victoria is not very favourable to aquatic farming at the moment, but I believe Fat Bandicoot should invest in some basic infrastructure to facilitate research into these fields.

Summary of proposed changes: Fat Bandicoot should buy a boat, small enough to be trailered and stored, but large enough to explore a diversity of aquatic ecosystems. It should be powered entirely by renewable sources of energy.

Further extensions of this project should be:

• Mooring location off Tankerton in Western Port
• Concrete anchor and underwater habitat
• Houseboat and greenhouse

How will this proposal advance the objectives of the Association? It will allow the organisation to explore options for research into mariculture and algaculture.

What direct or indirect conflicts of interest does the initiating member or any other member have in this proposal? I own a suitable sailboat that I would be willing to sell for $9k.

Will or might this proposal lead to the Association trading while insolvent? No, there is no suggestion of borrowing money.

What are the proposal's effects on other legal, reputational or financial risks? The risk of collision is low, and lower if members are required to study the Recreational Boating Handbook before use.

TIMINGS

What date would the proposed project begin? 2017MAY04

What date would it be in useful operation? 2017JUN01

What date would it be retired? 2027JUN30

RESOURCES

What resources will it require? Money, materials, labour etc.

For each resource,

• Will it be donated? By the initiating member, or another person?
• if it will not be donated, can it be supplied from goods on hand?
• if not, can it be purchased with existing Association funds?
• if none of these, who will be called on to pay for it?
• Can the required labour be sourced internally via the TaskMarket ?
• if not, can the required labour be recruited as members?
• if not, how will they be paid?

Money, to purchase

• Finance from Soilmagic revenues

Skills, to sail

• Donated by initiating member and other members

Labour, to maintain

• Donated by initiating member and others

Instruments, replacement parts and registration fees

• From Soilmagic revenues

Will the project require its own bank account?

No

What planned activities will the project require?

• Inspection of suitable vessel
• Purchase of suitable vessel
• Registration of suitable vessel
• Routine inspections and maintainence

What contingent activities will the project require?

METHOD

Step by step plan, with contingencies, and operating instructions

OUTCOMES

What resources and knowledge will the project produce?

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