Valuation and reporting of native fauna in monetary terms: compatibility between a market-Based system and natural resources?

A change in community values and priorities has introduced ethical,
environmental and social issues into the way in which business conducts
its activities. There are an increasing number of managed investment funds focusing on socially responsible investment (SRI) by concentrating on firms that operate according to predetermined criteria for environmental, social and ethical issues. For investors in these funds environmental stewardship issues are integrated with concern over financial resources and performance. In this paper the accounting and reporting by business activities concerned with conservation of wildlife are examined. The world of accounting has functioned for many years with relatively few accounting standards devoted to specialised industry needs. In 1998 the Australian Accounting Standards Board and in 2001 the International Accounting Standards Board issued standards devoted to agriculture. Both standards deal with the reporting of managed biological assets and require application of essentially the same approaches despite the Australian standard requiring net market value while the International standard requires fair value. In this paper we analyse how one conservation firm Earth Sanctuaries Ltd. (ESL) has applied AASB 1037 and then we explore the implications for conservation firms operating in geographical locations outside Australia. It is suggested that AASB 1037 and indeed lAS 41 may not provide value appropriate information for investor decisions relating to accounting profits for such firms. Our examination shows that it is appropriate to reconsider accounting guidelines provided by these standards in order to link the information relating to economic and environmental performance. Transparency may be improved by a move closer to Elkington 's (1997) triple bottom line reporting. We therefore contend that the issues arising from the use ofAASB 1037 and lAS 41 need to be widely considered by all standard setters, particularly given the increasing attention to SRI.

Phytophthora cinnamomi in native vegetation communities of southern Victoia - morphological variation and paragyny among isolates

Morphology has often been used as an indicator of variability within species. The present study investigated morphological and physiological characteristics of isolates of Phytophthora cinnamomi collected from diseased vegetation communities at Anglesea, Victoria, and isolates collected from other regions in the State. Characteristics studied included growth rate on potato-dextrose agar (PDA), corn-meal agar and V8-juice agar at 24°C, growth rate on V8 agar at 15°C, colony morphology on PDA, sporangial and gametangial morphology, sporangial production and mating type. Phenotypic variation was demonstrated in radial growth rate, colony morphology and sporangial dimensions. Sporangial and oogonial dimensions and sporangial production were not significantly different between isolates from different geographical regions. All isolates were found to be of the A2 mating type suggesting variation was derived asexually. Paragynal associations, in an organism characteristically defined as amphigynal, were observed following crossing with A1 isolates. This is the first such study undertaken in southern Victoria. The findings highlight the importance of appropriate management of an area of such high conservation value as the Anglesea Heath to contain the current infection and to prevent introduction of new isolates into the area.

A legacy of assimilation : abuse in Canadian native residential schools

Unlike the position in Australia, Canada has appropriately responded to the revelations of forced removal of indigenous children by apologising to those persons who suffered through the Native Residential Schools - Canada has also sought to facilitate settlements with many of these persons with validated claims.

Does firefighting foam affect the growth of some Australian native plants?

Firefighting foams (Class A foams) are an effective and widespread firefighting tool, and are frequently used in environmentally sensitive areas. They are known to be ecologically damaging in aquatic environments; however, their impacts at the plant species or ecosystem level are relatively unknown. Reports of shoot damage to plants, suppressed flowering and changes in plant community composition suggest that the environmental damage caused by their use may be unacceptable. Applications of four levels of foam to seedlings of seven Australian plant species, from five representative and widespread families, showed no detectable impacts on a range of vegetative growth characteristics. The results are encouraging for continued use of firefighting foam in sensitive natural habitats.

Landscape characteristics associated with species richness and occurrence of small native mammals inhabiting a coastal heathland: a spatial modelling approach

In the coastal region of south-western Victoria, Australia, populations of native small mammal species are restricted to patches of suitable habitat in a highly fragmented landscape. The size and spatial arrangement of these patches is likely to influence both the occupancy and richness of species at a location. Geographic Information System (GIS)-based habitat models of the species richness of native small mammals, and individual species  occurrences, were developed to produce maps displaying the spatial  configuration of suitable habitat. Models were generated using either generalised linear Poisson regression (for species richness) or logistic regression (for species occurrences) with species richness or  presence/absence as the dependent variable and landscape variables, extracted from both GIS data layers and multi-spectral digital imagery, as the predictor variables. A multi-model inference approach based on the Akaike Information Criterion was used and the resulting model was applied in a GIS framework to extrapolate predicted richness/likelihood of occurrence across the entire area of the study. A negative association between species  richness and elevation, habitat complexity and sun index indicated that richness within the study area decreases with increasing altitude, vertical vegetation structure and exposure to solar radiation. Landform  characteristics were important (to varying degrees) in determining habitat occupancy for all of the species examined, while the influence of habitat complexity was important for only one of the species. Performance of all but one of the models generated using presence/absence data was high, as indicated by the area under the curve of a receiver-operating characteristic plot. The effective conservation of the small mammal species in the area of concern is likely to depend on management actions that promote the protection of the critical habitats identified in the models.

Feudal tenure and native title: revising an enduring fiction

This article argues that the feudal doctrine of tenure continues to endure as the foundation for Australian land law despite its obvious social and historical irrelevance. The doctrine of tenure is a derivation of feudal history. The article examines some of its historical foundations with the aim of highlighting the disparity between the fiction of this inherited form and the reality of a colonial Australian landscape. Particular attention is given to the fact that Australian feudal tenure was always a passive framework. It was disconnected with the landscape and therefore incapable of responding to the needs of colonial expansion. This resulted in a clear disparity between feudal form and the reality of a land system populated by statutory grants. The article argues that feudal tenure was never truly devised as a responsive land system but rather, adopted as a sovereignty device. In this sense, legal history was utilised with the aim of promoting imperial objectives within colonial Australia. Tenure was equated with absolute Crown ownership over all Australian territory despite the fact that this was inconsistent with the orthodox tenets of feudal tenure.
The article argues that the consequence of adopting feudal tenure and absolute Crown ownership has been the estrangement of indigenous rights, title and culture. The creation and legitimisation of a land framework with a fundamentally Eurocentric perspective completely destroyed indigenous interests during the settlement and colonial era. It created an imperial ideology where colonists silently accepted the denial of indigenous identity. The decision of the Mabo High Court to reassess this historical perspective and accept the validity of proven native title claims clearly disturbed tenurial assumptions. However, the High Courts' reification of the feudal form created a fundamental paradox: indigenous title was accepted as a proprietary right within a framework incapable of and unequipped to recognise the fundamentally different cultural perspectives of customary ownership. The article argues that native title cannot evolve within a common law framework that regards ownership as a derivation of the English Crown. It is suggested that ultimately, a pluralist property culture, where indigenous and non-indigenous title exist as equalised entities, can only be properly nurtured with the full and absolute abolition of the feudal doctrine of tenure.

Competitive interactions between the Australian native fish Galaxiasmaculatus and the exotic mosquitofish Gambusiaholbrooki,in a series of laboratory experiments

Competitive interactions between Galaxias maculatus, native to southeastern Australia, and Gambusia holbrooki, an exotic pest, were examined in relation to two types of artificial cover and a food source. Experiments were performed in an 800 l tank using photographic techniques. The relative distance of G. maculatus from cover or food source before and after the introduction of G. holbrooki were compared. Also, the proportions of the species were altered to examine the effects of unequal numbers on dominance behaviour. It was found that G. holbrooki was unable to out compete G. maculatus for either cover or food. The distance of G. maculatus from a food source was seen to increase following the introduction of G. holbrooki, when they outnumbered G. maculatus by 3 to 1. Although the distance from the food of G.maculatus increased following the introduction of G. holbrooki, in all cases the mean distance of G.␣maculatus from cover or food was less than that of G. holbrooki. Significant intra-species competition appeared to occur between G. maculatus and it may be that this competition had a greater effect than the competitive pressure G. holbrooki was able to place on the natives. This study revealed that the exotic pest species, G. holbrooki, could not out compete a small native Australian fish species.

Effect of crude oil extracts from trout offal as a replacement for fish oil in the diets of the Australian native fish Murray cod Maccullochella peelii peelii

The efficacy of trout oil (TO), extracted from trout offal from the aquaculture industry, was evaluated in juvenile Murray cod Maccullochella peelii peelii (25.4-0.81 g) diets in an experiment conducted over 60 days at 23.7-0.8 °C. Five isonitrogenous (48% protein), isolipidic (16%) and isoenergetic (21.8 kJ gm1) diets, in which the fish oil fraction was replaced in increments of 25% (0-100%), were used. The best growth and feed efficiency was observed in fish fed diets containing 50-75% TO. The relationship of specific growth rate (SGR), food conversion ratio (FCR) and protein efficiency ratio (PER) to the amount of TO in the diets was described in each case by second-order polynomial equations (P<0.05), which were: SGR=-0.44TO2+0.52TO+1.23 (r2=0.90, P<0.05); FCR=0.53TO2-0.64TO+1.21 (r2=0.95, P<0.05); and PER=-0.73TO2+0.90TO+1.54 (r2=0.90, P<0.05). Significant differences in carcass and muscle proximate compositions were noted among the different dietary treatments. Less lipid was found in muscle than in carcass. The fatty acids found in highest amounts in Murray cod, irrespective of the dietary treatment, were palmitic acid (16:0), oleic acid (18:1n-9), linoleic acid (18:2n-6) and eicosapentaenoic acid (20:5n-3). The fatty acid composition of the muscle reflected that of the diets. Both the n-6 fatty acid content and the n-3 to n-6 ratio were significantly (P<0.05) related to growth parameters, the relationships being as follows. Percentage of n-6 in diet (X) to SGR and FCR: SGR=-0.12X2+3.96X-32.51 (r2=0.96) and FCR=0.13X2-4.47X+39.39 (r2=0.98); and n-3:n-6 ratio (Z) to SGR, FCR, PER: SGR=-2.02Z2+5.01Z-1.74 (r2=0.88), FCR=2.31Z2-5.70Z+4.54 (r2=0.93) and PER=-3.12Z2-7.56Z+2.80 (r2=0.88) respectively. It is evident from this study that TO could be used effectively in Murray cod diets, and that an n-3:n-6 ratio of 1.2 results in the best growth performance in Murray cod.

Lipid characterisation and distribution in the fillet of the farmed Australian native fish, Murray cod (Maccullochella peelii peelii)

The objective of this study was to determine the distribution pattern of lipids and fatty acids in different tissues of farmed Murray cod (Maccullochella peelii peelii).

Differences in lipid content were found amongst different portions of the fillet, being lowest in the dorsal/cranial portion (P1) and highest in the more ventral/caudal portion (P8) (P < 0.05). The latter also recorded the highest amount of monounsaturated fatty acid (MUFA) and the lowest in polyunsaturated fatty acids (PUFA), arachidonic acid, 20:4n − 6 (ArA), docosahexaenoic acid, 22:6n − 3, (DHA) and the n3/n6 ratio. In general, lipid content in the different fillet portions was inversely correlated to PUFA and directly to MUFA. Contents of saturated fatty acids (SFA) and eicosapentaenoic acid, 20:5n − 3 (EPA) did not show any discernible trends in the different fillet portions, while significant differences in contents of DHA and ArA were observed. This study shows that lipid deposition in Murray cod varies markedly and that different fatty acids are deposited differently throughout the fillet.

The relationship between native vegetation and in-stream salinity: An Australian case study

The Glenelg-Hopkins area is a large regional watershed (2.6 million ha) in southwest Victoria that has been extensively cleared for agriculture. In-stream electrical conductivity (EC) in relation to remnant native vegetation is examined from the headwaters to the upper extent of the estuary of the Glenelg River. Five water quality gauging stations were selected. Their contributing subcatchments represent a continuum of disturbance. Proportions of native vegetation ranged from ∼100% at the headwaters of the river to ∼30% at the furthest downstream gauge station. The relationship between remnant vegetation and in-stream EC was examined using aggregated and non-aggregated land use statistics over a period of 22 years from three land use maps. Increased proportions of native vegetation were significantly negatively correlated with in-stream EC and were consistent across all scenarios investigated.