1. Identify and develop practical closure options for the eastern gemfish fishery.

2. Assess each option in terms of: a. the estimated reduction in the kill of eastern gemfish and the benefits there of to the future recovery of the stock

and b the estimated net value of catch directly forgone of other SEF quota species. c key non-quota species.

3. Based on the above assessment determine, as compared to current management arrangements, the direct socio-economic net benefits or costs to groups of fishing operators based in key southern NSW and eastern Victorian ports and to SEF operators as a whole.

4. Determine a preferred closure option and evaluate the overall effectiveness of this option against current management options, taking into account: a. the quantity of gemfish that may be killed. b. the direct and indirect socio-economic effects. c. management costs. d. the perceived support from the fishing. industry and other groups - the objectives of the Fisheries Management Act 1991.

5. Prepare a draft report by 14 September 1995 and a final report by 30 September 1995.