Under Rescue Fish commercial fishing permits will have a fixed term of no longer than 5 to 8 years. 

Fixed term commercial fishing permits provide the following benefits – 

1. Removes the barriers to entry, encouraging people especially younger people into fishing, and creating jobs in associated industries. 
2. Restores competition for fish and fish products. 
3. Prevents industry capture of the regulator. 
4. Provides a competitive market for commercial access rights. 
5. Drives economic efficiency and innovation. 
6. Decentralises commercial fishing effort to encourage local participation and promote regional economies.