Rock Lobster Fishery
The Rock Lobster Fishery is Victoria's most valuable fishery and is based on the southern rock lobster (Jasus edwardsii). The fishery is quota managed, with a total allowable commercial catch set annually after the status of the stock has been assessed. There are two commercial zones in the fishery that operate along the entire coastline of Victoria. Almost all of Victoria's commercial rock lobster catch is now exported to international markets, predominantly in Asia. The primary strategy in the management of the Rock Lobster Fishery is to significantly rebuild the resource to ensure sustainability and improve catch rates by reducing fishing effort and improving economic efficiency.