Gulf Journal article: Sad Story
Article by Raewyn Peart in GULF JOURNAL.
The Hauraki Gulf has provided rich fishing grounds for centuries. Sadly, commercial overfishing during the 1970s led to plummeting fish stocks. This prompted the introduction of the quota management system (QMS) in 1986. The system created individual tradeable quota (ITQs), which were gifted to fishing vessel owners, and gave them the right to harvest a proportion of the total allowable commercial catch (TACC) for a stock.
Read the full article in the Gulf Journal here.