Fisheries Reform: New Deemed Value Rules to Reflect Actual Fish Market Value

Oceans and Fisheries Minister Shane Jones announced changes to the deemed value system for fish caught outside commercial quotas, allowing fees to better reflect the actual market value based on how fish are landed, such as fresh versus frozen. The amendment aims to address financial disadvantages faced by fishers using deepwater freezer vessels who currently pay deemed values based on higher fresh fish prices, by enabling alternative rates for inshore stocks caught as bycatch. Additionally, the proposal to allow commercial fishers to land and sell marlin bycatch has been rejected, with the Fisheries Act Amendment Bill set for introduction in early 2026 and public consultation to follow.