Key fish species such as King George whiting, snapper and garfish are being protected.
Independent Frome MP and Cabinet Minister Geoff Brock outlined the safeguards.
He said the state government was “securing the sustainable future” of the species.
He said the government would:
*Remove 100 commercial fishing licences with a $20 million voluntary buy-back scheme.
*Introduce zones and quotas to the commercial fishery to improve economic viability and sustainability.
*Conduct a survey of recreational fishers.
*Build better facilities and improve recreational fishing access.
*Investigate more fish re-stocking programs, including in metropolitan and marine waterways.
“Let’s ensure our grandkids can take their grandkids fishing,” Mr Brock said.
The fishing season reopened on December 22 after a six-week closure preserved for breeding.
Four gulf areas are still closed until the end of this month.
Fisheries Minister Leon Bignell has promoted the government’s action plan.