The Quota Management System (QMS) is a type of individual fishing quota that is used in New Zealand to manage fish stocks.
[1] For the purposes of QMS, New Zealand's exclusive economic zone (EEZ) is divided into ten quota management regions.
A separate quota is defined for each species in each region, depending on the species' distributions, ranging from a single fishing quota market for the hoki to eleven for the abalone Haliotis iris.
[1] QMS was introduced by the Fisheries Amendment Act 1986,[2] initially covering 26 marine species.
[1] QMS will eventually be extended to cover all living marine resources that are commercially exploited, including invertebrates, but excluding marine mammals.