Current Australian abalone fisheries management primarily uses biological and catch data to set total allowable catch limits (TACs). Performance targets are usually based on trends in catch rate or catch and aim to maintain these indicators within historic bounds that have prevented recruitment...

Given the problems with open access resources and the effectiveness of modern fishing technology, there are few fisheries, if any, which will not be both biologically over-exploited and unprofitable unless they are managed effectively. For a fishery to be economically efficient requires setting...

Achieving fishery MEY may result in a reduction in net economic returns in a broader sense if the loss to consumers exceeds the gain to the industry. Such a loss may occur if supplies to the local market are reduced and prices paid by consumers increase. This results in a transfer of benefits from...