Scenario 3 represents a shift in the fishery to an MEY harvest target while retaining the existing trap limit per vessel. The catch rate value for this scenario was the observed catch rate in the nearby southern rock lobster fishery of CRA8 in New Zealand, which has pursued MEY management objectives since the late 1990s (Miller and Breen, 2010). The result has been an increase in CPUE from less than the current Tasmanian rate to 3.8 kg/trap lift (NZRLIC, 2011). This high catch rate appears biologically feasible in Tasmania given it is less than historic catch rates, which exceeded 4 kg/trap lift with less sophisticated equipment, in the 1950s (Hartmann et al., 2012). In scenario 4 the catch rate also reflects an MEY target in the fishery plus the trap limit is abolished.