Australian statutory fishing rights give their owners access to a capped quantity of fish from a particular species and area. Anthony Ciconte of Atlantis Fisheries Consulting Group explains how the rights work and how catch limits are set, with the higher global catch limit for Southern Bluefin tuna as the starting point.
Key Highlights
- A statutory fishing right allows its owner to take a set quantity of a species from a particular area each year, subject to catch limits.
- The rights are described as lasting in perpetuity, while the amount that can be caught is managed and capped.
- Fishing rights can be left unharvested, with no obligation to catch fish each year.
- Scientific methods are used to assess fish stocks and inform annual catch limits.
- The global catch limit for Southern Bluefin tuna had increased the previous week.
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