Term
Quota Management System
Acronym
QMS
Also called
See also
Definition
The QMS was introduced in October 1986 and controls the overall catches for virtually all the main fish stocks found within New Zealand’s 200nm EEZ. In the QMS, a total catch limit is set at a sustainable level. Within the TAC, recreational and customary take is allowed for, and other mortality, and a TACC is set. Commercial fishing rights are allocated as ITQ giving the ITQ owner a property right.
