Port Stephens Fisheries Institute was established in the early 1970’s as an aquaculture research facility. The land was donated to the NSW Government by a mining company called VAM Limited and was originally called Brackish Water Fish Culture Research Station. This was later changed to Port Stephens Research Centre to reflect the broader range of fisheries research being conducted here.
With the transfer of a number of administrative and policy duties to Port Stephens in 1999, the site was renamed the Port Stephens Fisheries Centre and then given institute status in2009 to become the Port Stephens Fisheries Institute. Approximately 150 people within five divisions work at the PSFI, located at Taylors Beach.