Fisheries Management Act 1994

In making a fishing determination, the TAF Committee is to give effect to the objects of this Act and is to have regard to all relevant scientific, industry, community, social and economic factors.

The TAF Committee is also to have regard to—

the need to ensure that the exploitation of fisheries resources is conducted in a manner that will conserve fish stocks in the long term, and

the impact of fishing activities on all species of fish and the aquatic environment, and

the precautionary principle, namely, that if there are threats of serious or irreversible damage to fish stocks, lack of full scientific certainty should not be used as a reason for postponing measures to prevent that damage.