TAC/TACC Changes from 1 April 2017

The Fisheries (Total Allowable Catch, Total Allowable Commercial Catch, and Deemed Value Rates) Amendment Notice 2017 gazetted today, contains TAC/TACC variations for five stocks in the upcoming April 2017 fishing year.

The five affected stocks are as follows;

CRA3 389,950 366,860 260,950 237,860
CRA4 592,000 484,000 397,000 289,000
CRA7 117,720 132,520 97,720 112,520
SBW1 8,000 100,000 8,000 98,000
SBW6B 3,000,000 2,426,000 2,940,000 2,377,000

The TACCs for CRA3, CRA4 and SBW6B have been decreased, whilst the TACCs for CRA7 and SBW1 have been increased.

This will affect the amount of ACE that quota shares will generate on the 1st of April. If you have any queries regarding how this will affect your ACE holdings, please contact us.

There were no deemed value changes gazetted for the April 2017 fishing year.