New quota shares issued

New quota shares have been issued to eligible shareholders for the species that will be managed by catch quota from December 2017. The new quota shares provide an ongoing right to catch quota for the relevant species. Each year catch quota will be allocated to owners of the new quota shares. These shares do not give you an endorsement.

The final amount of quota you are allocated each year depends upon how many quota shares you have in your Fishing Business when quota is allocated.

For 2017/18, the number of quota shares you have been issued ensures that you get the amount of catch quota that was forecast for each share class in May 2016.

As a guide, the amount of quota issued for 2017/18 for each quota share owned will be as follows:

  • 1 mud crab quota share = about 10.9 kg mud crab quota
  • 1 blue swimmer crab share = about 5 kg blue swimmer crab quota
  • 1 eel quota share = about 6.4 kg eel quota
  • 1 eastern sea garfish share = about 16.2 kg eastern sea garfish quota

Fisheries Management Legislation Amendment (Quota Shares) Regulation 2017

The Fisheries Management Legislation Amendment (Quota Shares) Regulation 2017 amends the Estuary General, Ocean Hauling and Ocean Trap and Line Share Management Plans to:

  • Provide for the creation and issue of new quota shares in the Estuary General, Ocean Hauling and Ocean Trap and Line fisheries
  • Specify the classes of fishers who are eligible for the new quota shares
  • Provide for the allocation of new quota shares to eligible fishers
  • Enable a fisher to appeal to the Share Appeal Panel against the determination of the number of new quota shares issued to the fisher

New quota shares Eligible existing shares
Estuary general – mud crab quota

Estuary general – mud crab trapping – Regions 1 – 7

Estuary general – meshing – Regions 1 – 7

Estuary general – blue swimmer crab quota

Estuary general – trapping – Regions 1 – 7

Estuary general – meshing – Regions 1 – 7

Estuary general – category one hauling – Regions 1 – 7

Estuary general – eel quota Estuary general – eel trapping – Regions 1 – 7
Ocean hauling – eastern sea garfish quota Ocean hauling – garfish net (hauling) – Regions 1 - 7
Ocean trap and line – spanner crab quota

Ocean trap and line – spanner crab north

Ocean trap and line – spanner crab south

What are the new shares?

The new shares are Estuary General – mud crab, blue swimmer crab and eel quota shares, Ocean Hauling – eastern sea garfish quota shares and Ocean Trap and Line – spanner crab quota shares.

Who have the new quota shares been issued to?

The new quota shares have been issued to shareholders of eligible existing shares based on the number of eligible existing shares held in a fishing business on the relevant date (30 September). See Table of eligible shareholders (PDF, 541.35 KB).

The Fisheries Management (Allocation Formula for Issuing Quota Shares) Notice 2017 (PDF, 63.73 KB), which sets out the formula used to determine the number of new quota shares issued to eligible shareholders, was published in the Government Gazette on 13 October. This formula ensures that in 2017, shareholders get the amount of catch quota for the relevant species that was forecast in May 2016.

The Fisheries Management (Issue of Quota Shares) Instrument 2017 (PDF, 640.78 KB), by which new quota shares were issued to eligible shareholders, was published in the Government Gazette on 20 October.

For more information on how these numbers were calculated, see Allocation of new quota shares - how were the numbers calculated? (PDF, 212.93 KB)

What if I think there’s a mistake with the number of new quota shares I’ve received?

If you have reason to believe the number of new quota shares issued to you has not been determined correctly (in accordance with the Fisheries Management (Allocation Formula for Issuing Quota Shares) Notice 2017 (PDF, 63.73 KB), you may lodge an appeal to the Share Appeal Panel.

Any such appeal:

Shares that are ‘subject to appeal’ are marked as such in the Share Register, and the transfer of, or any other registrable dealing in, these shares is not permitted until the appeal to the Share Appeal Panel is resolved (or withdrawn).

Can the new quota shares be transferred independently of existing shares?

Yes, the new quota shares can be transferred independently of existing access shares. The new quota shares will be transferable to the owner of an existing fishing business (other than a Lobster, Abalone, Sea Urchin, and Turban Shell or Inland Fishing Business).

If any eligible existing shares are transferred out of a fishing business after the relevant date (30 September) the eligibility to receive the new quota shares and corresponding quota does not transfer with the shares.

Fishing businesses holding eligible existing shares will not be able to change ownership from the relevant date (30 September) until the new quota shares are issued. Once the new quota shares are issued, catch quota will be issued to the owners of the new quota shares.

From December 1, catch quota will be able to be transferred between owners of the new quota shares and owners of any existing share class that is subject to catch quota..

Catch quota has already been issued to Spanner Crab Northern Zone shareholders and is transferable. Catch quota for the 2018/19 fishing period will be issued to the owners of the new Spanner Crab quota shares by July 2018