The Challenger Scallop Enhancement Company is a fishery self-governing organisation based around Individual Transferable Quota (ITQ) property rights. The Company has direct responsibility for managing New Zealand’s largest scallop (Pecten novaezelandiae) fishery known as the Southern Scallop Fishery and is contracted to manage several others. The management framework in the Southern Scallop Fishery has developed as a result of three principle innovations - a flexible legislative environment, a non-coercive governmental approach and the development of a collective and accountable management capacity. The high degree of self-governance and management agreement reached amongst industry participants and between sectors that utilise the resource, as well as various independent performance measures, attest to the success of these innovations.
Arbuckle, M. Fisheries Management under ITQs: Innovations in New Zealand's Southern Scallop Fishery. In: Microbehavior and Macroresults: Proceedings of the Tenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA. Compiled by Richard S. Johnston and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.