The ecological risk assessment process recently undertaken jointly by AFMA and CSIRO has identified that sharks generally, are high priority species which require focussed management attention. In the Southern and Eastern Scalefish and Shark Fishery (SESSF) this is particularly the case for upper slope Southern and Eastern gulper sharks (including Harrison’s dogfish and Southern dogfish) which have been found to be severely depleted and have been nominated as threatened species under the EPBC Act. AFMA is now developing management responses to address these identified ecological risks, and there are a number of complimentary processes currently underway. These include the bycatch working group in the SESSF, which is currently preparing a bycatch work plan to be developed and implemented during 2008. AFMA is also establishing an expert shark and ray (Chondrichthyan) working group to develop appropriate management responses for these species across all fisheries. There is also a small working group in the South East Trawl Fishery (SETF) which is looking closely at the deepwater shark species of the lower slope and additional work is being undertaken to provide immediate management recommendations in relation to Harrison’s dogfish in particular. However, despite these various initiatives, there is a need to review available information on the upper slope gulper sharks (including species other than just Harrison’s dogfish) to improve understanding of levels of interaction and to provide advice on future management options.

Australian fisheries are based on a variety of private uses of resources that are communally owned. The separation of management and use from ownership means that there is a role for regular reporting of the performance of those fisheries. In this context, the use of appropriate indicators to report on how a fishery has performed is an essential part of ensuring the accountability of management. An important component of the management model that has been implemented for Commonwealth fisheries is the public accountability of AFMA.

The reporting of progress against AFMA’s economic efficiency objective has been poor. Information presented in the AFMA annual report has generally been limited to a discussion of changes in the gross value of production in Commonwealth fisheries — this provides little, if any, indication of changes in economic efficiency. The only other regularly published information relevant to the economic performance of Commonwealth fisheries is contained in the Australian Fisheries Survey Report, published annually by ABARE. For selected Commonwealth fisheries, these surveys provide information about the financial performance of the fishing fleet and estimates of the net economic returns from management. While net return estimates are a useful starting point for examining economic efficiency in a fishery, they do not account for the impact of exogenous factors such as changes in input and output prices, movements in exchange rates and variations in environmental factors.

There is a need for the development of suite of robust indicators of economic efficiency movements that can be effectively applied across Commonwealth fisheries. Once developed these indicators will provide a basis for reporting progress against the economic efficiency objective and, perhaps more importantly, provide fisheries managers with information to guide the development of economically efficient management policies. Management regimes, through controlling the total level of harvests (by whatever means) and contributing to the incentive structure that fishers operate within will determine whether a fishery is economically efficient.

This research is consistent with the Key Research Area 1.1 (b) identified in the AFMA Strategic Research Plan 1999-2004. It is also consistent with the Resources Sustainability: Status of fish stocks, environment and industry program of the Fisheries Resources Research Fund.