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A Regulatory History of the New Zealand's Quota Management System: Setting Targets
Abstract
In this paper we define the regulatory structure of the New Zealand Quota Management System (QMS) and document key changes in its operation over time. We document the relevant legislation that affected the quota market from the Fisheries Act 1983 forward. We describe how the QMS operates in New Zealand and how the regulations have evolved and changed to address specific issues as they come to light. We discuss the setting of aggregate targets and the definition of quota and summarise the process of allocating quota to fishers in New Zealand. This paper is part of a larger project that will also discuss market structure issues such as rules regulating quota trades, concentration of holdings, foreign ownership of quota, ‘banking’ provisions, and funding. The paper either directly describes the legislation or, for more detail, provides references to key resources. This will provide researchers with a reference document on the New Zealand fisheries regulatory structure as a basis for future empirical work. The version of the paper presented here is an abridged version. A full version of the working paper is available at: http://www.motu.org.nz/nz_fish.htm. This project was funded by the New Zealand Ministry of Fisheries and Resources for the Future.
Citation
Straker, Gina; Suzi Kerr and Joanna Hendy. 2002. "A Regulatory History of the New Zealand's Quota Management System: Setting Targets," paper presented at IIFET 2002: Fisheries in the Global Economy, International Fisheries Economic Conference, Wellington, New Zealand. (This paper is an abridged version of Straker et al. 2002).
Motu code: MEL0283
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