Deemed value review 2021
DECISION: APPROVED
Introduction
On 23 June 2021 Fisheries New Zealand (FNZ) advised they were reviewing the deemed value rates for 6 fish stocks including several mid/deepwater stocks, Blue cod 7, Bluenose 2 and Kingfish 8.
Commercial fishers who do not balance their catch with Annual Catch Entitlements (ACE) must pay a financial penalty, a deemed value payment. Deemed values are charged for each kilo of overcatch not covered by ACE. The per kilo cost may ramp up on a sliding scale depending on the species and catch area.
The New Zealand Sport Fishing Council (NZSFC) has made substantive submissions on the deemed value regime for more than a decade. Many of the issues raised previously still exist today.
On 24 the Minister, David Parker, announced that as of 1 October he will decrease the deemed value rates applying to Kingfish 8 as recommended by Fisheries New Zealand. Details below.
Proposal
Fisheries New Zealand offer a range of reasons why the deemed value rates need to be adjusted for alfonsino, gemfish, bluenose, blue cod and kingfish. Any changed will apply from 1 October 2021.
Submission
The New Zealand Sport Fishing Council worked with LegaSea, the New Zealand Angling & Casting Association and New Zealand Underwater to develop a response to the deemed value proposals. Most of the submission is focused on Kingfish 8, off the west coast of the North Island, as there are some fundamental issues that need to be addressed.
Essentially, what is happening in Kingfish 8 is more confirmation that the deemed value regime is a failure as it has consistently failed to constrain commercial catch to the statutory limits set by previous Ministers. A more flexible mechanism is required.
Relevant information
2021
Minister’s decision
Ministers decision for multiple stocks, for 1 October. 24 Sep 2021
Minister’s decisions for multiple stocks. Changes to apply from 1 October 2021. Letter. 24 September 2021.
Fisheries New Zealand
Final advice to Minister 1 Oct stocks. FNZ. September 2021
Fisheries New Zealand final advice paper and recommendations to the Minister on multiple stocks, for 1 October 2021. September 2021.
Submissions
Deemed value review. NZSFC. 27 July 2021
Submission in support of the Minister retaining the existing deemed value rates in Kingfish 8, and urging the Minister to review overall management. NZSFC and others. 27 July 2021.
Submissions to October 2021 review, part 1. Sep 2021
Collation of submissions from organisations and representative groups on multiple stocks review for 1 Oct. Submissions dated July 2021. Collation by Fisheries NZ. Sep 2021. [18MB]
Submissions to October 2021 review, part 2. Sep 2021
Collation of submissions on multiple stocks review for 1 Oct 2021. Includes submissions on deemed value rate changes. Submissions dated July 2021. Part 2. Collation by Fisheries New Zealand. Sep 2021. [9MB]
Submissions to October 2021 review, part 3. Sep 2021
Collation of submissions on multiple stocks review for 1 October. Submissions dated July 2021. Collated by Fisheries NZ. Sep 2021.
Proposal
Proposal. Deemed value review. FNZ. 23 June 2021
Fisheries New Zealand propose to change the deemed value rates applying to 6 fish stocks including Blue cod 7, Bluenose 2 & Kingfish 8. Submissions due by 27 July. FNZ. 23 June 2021.
Review, mixed species proposal letter. FNZ. 23 June 2021
Fisheries New Zealand advise they are reviewing a range of fish stocks and TACs for the next fishing season. Submissions are due by 27 July 2021. FNZ letter. 23 June 2021.