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The Fisheries Act 1996 currently controls most fishing in fresh and sea waters of New Zealand, including the EEZ.

It has gradually replaced the 1983 Act of the same name.


ITQEdit

The Act includes the following among its basic definitions:

"Individual transferable quota" means—

(a) Individual transferable quota allocated under section 44 or section 47 or section 49 of this Act:
(b) Quota that becomes individual transferable quota under section 49(3):
(ba) Individual transferable quota allocated under Part 2A of the Fisheries Act 1983 that has been converted into quota shares under section 343:
(c) Any quota that otherwise becomes individual transferable quota in accordance with this Act:



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