South Australia West Coast fishers reeling from priority species quota ITQ

Fishers on South Australia’s West Coast fishers who have invested hundreds of thousands in boats and licences since 2016 say they have received new quotas that only allow them to catch 87 kilograms of priority species annually. The State Government is rolling out what it calls individual transferable quotas (ITQs), part of its controversial Marine Scalefish Fishery,, for those with a catch history prior to 2016, particularly West Coast fishers where the average age was between 55 and 60, the formula was effectively a “golden handshake” to sell their quota and exit the industry. But he said it was anything but for younger fishers who bought into the industry after mid-2016,, Mr Schmucker said the industry would be “divided” as young operators scrambled to find another $150,000 to buy more quota while simultaneously competing with investors who were snapping up relinquished ITQs. >click to read< 09:10

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