The southern bluefin tuna is classified as Critically Endangered on the IUCN Red List of Threatened species. In Australia, the southern bluefin tuna is listed as Conservation Dependent under the EPBC Act. This listing allows for the commercial exploitation of the species, despite their accepted global status as an over-fished species. The species is listed as Endangered under the Fisheries Management Act 1994 (New South Wales) and as Threatened under the Flora and Fauna Guarantee Act 1988 (Victoria). Recreational fishing targeting southern bluefin tuna is permitted in all states and territories and is regulated by various combinations of bag, boat and possession limits.