Individual transferable quota system hurting Tasmania’s fishing fleets

“ITQs have caused a decrease in owner operators and a decrease in active vessels in the fleet,, “Separation of ITQ ownership from the fishing sector has created a whole range of unintended consequences, which have ultimately seen the flow of majority of profits to investors, not the fishing fleet.” King Island Council deputy general manager Kate Mauric told the committee some fishermen felt disadvantaged due to contract management from investors, though this was not as pronounced on the island as elsewhere. >click to read< 10:54

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