delete Fisheries Management Regulations 1992
The Fisheries Management Regulations 1992 govern fishing activities through licensing, quotas, gear restrictions, and reporting to conserve fish stocks and manage fisheries sustainably.
The regulations impose heavy compliance costs, create bureaucratic barriers, and distort incentives, reducing supply and raising costs for fishers and consumers. Sustainable outcomes can be achieved more efficiently through a market-based system of individual transferable quotas, which incentivize stewardship while minimizing red tape.