Does the deemed value penalty system work?

February 19, 2026
Deemed value penalties | Fisheries Management | QMS | Reform scam

No. LegaSea and the New Zealand Sport Fishing Council have submitted many times that the deemed value system is not working. It’s not fair on smaller operators if larger operators, who hold a lot of Annual Catch Entitlement (ACE), will not release it. This encourages dumping, which is not good for the small-scale operator, nor is it good for the fishery.