Assessment of alternative approaches to implementing Individual Transferable Quotas (ITQs) in the Australian Northern Prawn Fishery

The Australian Federal government is determined to introduce ITQs in all Commonwealth fisheries, including the Northern Prawn Fishery (NPF) by 2010. This project investigated the most efficient and effective means of using ITQs in the NPF given it is a multispecies fishery for short lived species with highly uncertain and variable stock sizes. Many stakeholders are concerned that this form of management will not work well in this case. Key approaches were case studies of rights based management, development of a cross cutting modelling analysis including quantitative Management Strategy Evaluation (MSE) and specific advice on the most risk averse approach.

Ref: 

AU0903

Start Date: 

Sunday, 10 June, 2007 to Sunday, 30 September, 2007

Services Provided: 

  • Review of management strategies
  • Analysis of economic effects
  • Analysis of projected outcomes
  • SWOT analysis of ITQ strategies
  • Review of current stock assessment procedures

% as lead firm: 

100

Proportion MRAG: 

100

Duration (months): 

3

Number of Staff: 

6

Name of Client: 

Australian Fisheries Management Authority

Client Address: 

United Kingdom

Project Tags: 

Services: 

Origin of Funding: 

Australian Fisheries Management Authority

Country: 

Australia

Region: