FRDC – Review of approaches for determining commercial fisheries compensation

This report reviews the range of approaches currently being used in Australia and internationally, with particular emphasis on small scale fisheries in Western Australia (WA). Small scale fisheries have a unique set of characteristics that tend to make compensation challenging – these being the limited or no trade in fishing rights (resulting in a paucity of traded market values for licences on which to base compensation), limited public information about fishing activities and financial performance, and fishers being motivated by lifestyle factors over profit.



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