Current Deemed value rates
Check these spreadsheets to find the current deemed value rates for different fish stocks. Note, for October and February fishing year stocks refer to the October 2022 rates spreadsheet, and for April fishing year stocks refer to the April 2020 rates spreadsheet.
About deemed values
If you catch more fish than your annual catch entitlement (ACE), you'll have to either:
- pay the "deemed value" of the extra catch, or
- buy more ACE to cover it.
- interim deemed value rates for extra catch during the first 11 months of the fishing year
- annual deemed value rates for extra catch at the end of the fishing year.
We set the deemed value rate for each fish stock in the Quota Management System (QMS). Deemed values are higher than the cost of buying ACE. This means extra fish caught will cost more than the ones that were covered by ACE. This encourages commercial fishers to use ACE to:
- balance their catch
- keep catch within the limits we set each year.
Balance your catch
FishServe is a company that provides fisheries services on our behalf. They'll send you a monthly catch balance report (usually by email). This compares your reported catch for each fish stock, for the year so far, to your ACE balance (the amount you hold).
If you don't have enough ACE to cover your catch, FishServe will send you an invoice for the deemed value. There are 2 types of deemed values – interim and annual.
If you owe more than $1,000
If you owe more than $1,000, your fishing permit will be suspended until you pay the deemed value.
Final report of the Deemed Values Working Group
A multi-stakeholder working group reviewed the deemed values system in 2019. This built on previous reviews, and looked at changes and issues that had emerged over the last 8 years.
The working group made 7 recommendations to improve and update the deemed values system. We've accepted them and have started making the required changes.
Deemed Value Guidelines 2020
Fisheries New Zealand uses an operational policy statement called the Deemed Value Guidelines. This guides the development of advice to the minister on setting deemed values.