2009/715 Optimising business structures and fisheries management systems for key fisheries

By Tim Ward

There is currently an estimated economic gap (lost profit) in the CRC participant fisheries of approximately 40% or $200 million per annum.. If the economic gap could be halved from 40% to 20% the profitability of CRC fisheries would be improved by approximately $100 million. This project aimed to contribute to that outcome by identifying practical opportunities to improve their economic performance. This will be done by:

• Identifying key impediments to wealth creation (i.e. factors contributing to high costs and low revenue) in selected CRC fisheries.
• Describing the innovative operational procedures, business structures and fisheries management systems that have been established to improve the economic performance of successful fisheries worldwide.
• Identifying practical opportunities to improve the economic performance of CRC fisheries and outlining a pathway to adoption.

Therefore, this project aimed to:

1. Assess the performance and identify impediments to wealth creation in selected CRC fisheries.
2. Describe and evaluate innovative systems that have been established to improve the performance of successful fisheries worldwide.
3. Identify practical opportunities for overcoming impediments to wealth creation and improving the performance of selected CRC fisheries.