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Evergreen Licences, Resource Shares and Share Trading – Taking Them Out Of The 'Too Hard Basket'

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Abstract
  • In 2007 the Fisheries Management Act passed through the South Australian parliament.  The Act includes several new provisions which substantially changed the nature of commercial fishing rights, resource sharing between competing sectors and rights based management. These interrelated provisions include: (1) Commercial licences are issued for the duration of a management plan; (2) Requirement for a replacement management plan to come into effect on the expiry of the existing plan; (3) That each management plan specify the share of aquatic resources to be allocated to each fishing sector under the plan (based on existing shares, which must be quantified); (4) Requirement for an open and transparent process for determining the method for adjusting allocations of aquatic resources between the different fishing sectors during the term of the plan; and (5) Provision for compensation to persons whose licences or licence entitlements are compulsorily acquired in order to reduce the share of aquatic resources allocated to the commercial fishing sector and increase the share allocated to another sector. The 5 provisions, when considered as a package, have in effect established evergreen commercial fishing licences, explicit resource shares for sectors accessing a fishery and transparent compensable processes for resource share adjustments. A number of management plans are now in place which meet these new requirements of the Act.  The resultant management planning process, plan provisions impacts on the strength of fishing rights and management are presented.
  • Keywords: Fisheries Economics, Fisheries Management, Management, Regulation and Marine Reserves
  • Keywords: Fisheries Economics, Fisheries Management, Management, Regulation and Marine Reserves
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  • Edwards, Roger, K. Crosthwaite, and S. Sloan. 2014. Evergreen Licences, Resource Shares and Share Trading – Taking Them Out Of The 'Too Hard Basket'. In: Towards ecosystem based management of fisheries: what role can economics play?: Proceedings of the Seventeenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 7-11, 2014, Brisbane, Australia. Complied by Ann L. Shriver & Melissa Errend. Corvallis, OR: International Institute of Fisheries.
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Déclaration de droits
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  • Fisheries Research & Development Corporation, World Wildlife Fund, MG Kailis Group, AquaFish Innovation Lab, NOAA Fisheries, The European Association of Fisheries Economists, Japan International Fisheries Research Society, United Nations University, NORAD
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