1. CSIRO WEALTH FROM OCEANS FLAGSHIP Reviewing the harvest strategy for the Commonwealth small pelagic fishery Tony Smith Hobart, October 17, 2014

2. Outline What is a harvest strategy? The current SPF harvest strategy The review Results Next steps Insert presentation title

3. What is a harvest strategy? A harvest strategy is the set of rules used to make decisions about catch or effort levels in a fishery typically decisions are made every year, e.g. deciding on the annual total allowable catch (TAC) the input to a harvest strategy is information on the current or recent status of the stock a decision rule is used to translate stock status into a management decision (catch level) Insert presentation title

4. The current SPF harvest strategy Input into the strategy is the latest egg survey estimate of stock size for each stock There are three “tier” levels for the harvest strategy depending on how recent the information is on stock size Tier 1: survey in last 5 years Tier 2: survey older than five years Tier 3: no recent survey The TAC is set using a harvest rate (HR) applied to the most recent survey estimate – a proportion of that estimate e.g. Tier 2: the HR is 7.5%, so if the most recent stock size is 10,000t, the TAC would be750t Insert presentation title

5. The current SPF harvest strategy For the current harvest strategy The Tier 1 HR averages 15% (steps 20, 17.5, 15, 12.5, 10 each year as the survey ages) The Tier 2 HR is 7.5% (half Tier 1), with a maximum possible value of 5,000 t The Tier 3 TAC is set at 500 tonnes In 2014-15, the harvest rate for all eastern stocks and for the western blue mackerel stock is at or below 7.5% (Tier 2) In 2014-15, the harvest rate for western redbait and western jack mackerel is capped at the 5,000 t limit for Tier 2 Insert presentation title

6. The review The current SPF harvest strategy was adopted in 2009 It is normal practice to review these every five years or so This review was funded by FRDC and CSIRO Two objectives: 1.Provide advice on best practice reference points for the four main target species 2.Provide advice on suitable harvest rates to achieve management objectives for the four main target species in the SPF* * Note: east and west stocks considered separately Insert presentation title

7. Methods – objective 1 Insert presentation title

8. Methods – objective 2 Test different harvest strategies to see which ones best meet management objectives (achieve targets and avoid limits) The targets (e.g. biomass relative to unfished biomass) will be informed by results from objective 1 The limits are specified in the Commonwealth Harvest Strategy Policy – less than 10% chance of falling below 20% of unfished biomass Insert presentation title

9. Results – objective 1 Simulated different depletion levels for each stock and for all stocks together Looked at how other species and trophic groups in the model changed in abundance due to effects of fishing the SPF species Basic finding – minimal impact on predators and other species in the ecosystem Why? No species rely entirely on SPF species Most predators are opportunistic feeders (eat what is available) From previous work – get bigger impacts of fishing krill or mesopelagics (lantern fish, myctophids) Insert presentation title

10. Results – objective 2 Looked at harvest rates that would result in a 50% chance of being above or below B50 (half the unfished biomass) HR varies across the species: Blue mackerel – 23% Jack mackerel – 12% Redbait – 10% Sardine – 33% Taking account of uncertainties (probability of exceeding the limits) could lower the values for blue mackerel and sardines slightly Tier 2 HR – still likely to be half that for Tier 1 Insert presentation title

11. Next steps Draft report considered by the SPF resource assessment group Technical review of report by FRDC Advice to the management advisory committee and to AFMA Insert presentation title

12. Thank you Oceans and Atmosphere Research Flagship Tony Smith WEALTH FROM OCEANS