New quota shares issued

The Minister for Primary Industries has now issued new quota shares for 17 species/species groups, as well as effort in the inshore/offshore prawn trawl sector of the Ocean Trawl fishery. This implements the final recommendations of the Independent Allocation Panel (IAP) on the allocation of new species and effort quota shares.

The new quota shares provide an ongoing right to receive a share of the Total Allowable Catch or Total Allowable Effort. Each year, catch or effort quota will be allocated to owners of the relevant quota shares.

The creation and issue of the new quota shares (as well as arrangements to support quota management, such as real-time reporting and bag limits), are provided for by the Fisheries Management Legislation Further Amendment Regulation 2018 (PDF, 424 KB).

Who have the new shares been issued to?

The new quota shares have been issued to eligible shareholders who held shares in relevant classes on 28 September 2018. See Table of eligible shareholders (PDF, 287.54 KB)

The Fisheries Management (Issue of Quota Shares) Instrument 2018 (PDF, 975.46 KB) was published in the Government Gazette on 26 October 2018.

For a general explanation of how the numbers of shares were calculated, see this factsheet on the calculation of new species and effort quota shares (PDF, 348.33 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 allocation formula set out in the relevant Schedule to each Share Management Plan), 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and the transfer of, or any other registrable dealing in, these shares is not permitted until the appeal is resolved or withdrawn.

Note: if you transfer/sell any quota shares, you cannot appeal to the Share Appeal Panel in relation to that class of shares.

See Frequently Asked Questions about share appeals.

How much quota will I get?

Along with their new fishing business determination certificates, shareholders have been sent information sheets showing how the numbers of shares were calculated. These sheets also show the approximate quota per share for each species.

However, quota will only be allocated to shareholders immediately before the start of the first fishing period, and will be rounded to the nearest 0.1kg (or nearest whole number for beachworms and nippers) for each fishing business.

You can calculate the approximate amount of quota you will be allocated for the 2019/20 fishing period using the table below.

Quota shares

Approximate quota per share

Beachworm

501.956 worms

Cockle

5.187 kg

Ghost nipper

840.336 nippers

Pipi

50.085 kg

Australian sardine

456.800 kg

Blue mackerel

108.164 kg

Yellowtail scad

858.847 kg

Bass grouper

16.095 kg

Bigeye ocean perch

13.834 kg

Blue-eye trevalla

5.970 kg

Ocean trap & line: Gemfish

5.707 kg

Hapuku

13.648 kg

Pink ling

13.491 kg

Bluespotted flathead

10.664 kg

Tiger flathead

10.957 kg

Trawl whiting (Eastern school & Stout whiting)

117.234 kg

Silver trevally

5.338 kg

Ocean trawl: Gemfish

0 kg (50 kg trip limit will continue to apply)

Note 1: Quota will be issued to fishing businesses immediately prior to each fishing period.

Note 2: Beachworm and Ghost nipper quota will be rounded to the nearest whole number.

Note 3: Kilogram quota will be rounded to the nearest one decimal place.

When will quota management start?

To allow more time for industry adjustment, the Minister has decided to commence quota management for the new species in 2019, rather than December this year.

For the ocean fisheries (Ocean Trap and Line - Line East, Ocean Hauling - Purse Seine, Ocean Trawl - Inshore and Offshore Prawn and Fish Trawl North), quota management will start in May 2019 to align with the Commonwealth quota period.

For Estuary General - Hand Gathering, quota management will start in July 2019 to align with existing quota periods in other Estuary General share classes.

Total Allowable Catch Determinations

The Minister directed the Secretary of the Department of Industry to make an annual fishing determination for these 17 new species or species groups under the provisions of the Fisheries Management Act 1994. The 2019/20 fishing determinations only apply to the relevant commercial sector.

See TACs and summary information for each of the 17 new species or species groups.

See Frequently Asked Questions about the process of setting TACs.