Economic Analysis of NSW Commercial Fisheries Reform Package (2015)

The project required completion of two key tasks: (1) assessment of the return on investment achieved by fishers in NSW fisheries and (2) analysis of the impact of policy options on fishing businesses. NSW commercial fisheries are input-controlled with considerable excess capacity. This can result in low or negative return on investment for individual fishers as well as fisheries as a whole. At the aggregate fishery level, the existence of excess capacity indicates a waste of resources, as, by definition, the same catch could have been taken by fewer vessels, using fewer inputs. It also makes the industry more vulnerable to adverse resource and economic shocks. The research was completed by Dr Robert Gillespie, Dr Julian Morison and Michael Clarke. The report is available at http://www.dpi.nsw.gov.au/fisheries/commercial/reform