Commercial fishers who catch more fish than their annual catch entitlement may be charged the "deemed value" of the extra catch. Learn how deemed values work and find the latest rates.
About deemed values
If you catch more fish than your annual catch entitlement (ACE), you will have to either:
- pay the "deemed value" of the extra catch
- buy more ACE to cover it.
The deemed value is calculated using a rate set by Fisheries New Zealand for each fish stock in the Quota Management System (QMS).
Deemed values are higher than the cost of buying ACE. This encourages commercial fishers to use ACE to balance their catch – and keep catch within the limits we set each year.
Balance your catch
FishServe – a company that provides fisheries services on our behalf – will send you a catch balance report every month (usually by email). This compares your reported catch for each fish stock, for the year so far, to your ACE.
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, your fishing permit will be suspended until you pay the deemed value.
Deemed value rates
Deemed values are calculated using rates set by Fisheries New Zealand. Check these spreadsheets to find the deemed value rates for different fish stocks.
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 operation of the deemed values system. These recommendations have been accepted by Fisheries New Zealand, and work has started to make the required changes.
Deemed Values Working Group - Final report [PDF, 523 KB]
Deemed Value Guidelines 2020
Fisheries New Zealand uses an operational policy statement called the Deemed Value Guidelines to guide the development of advice to the Minister on setting deemed values.
Deemed Value Guidelines 2020 [PDF, 890 KB]
Who to contact
If you have questions about deemed values, contact FishServe