Well the latest stock assessment says otherwise:
http://era.daf.qld.gov.au/id/eprint/...nal%202019.pdf
"Over the last five years, 2013-14 to 2017-18, the Queensland total harvest averaged 983 tonnes (t) per year. Sectoral shares were 82% commercial (806 t) and 18% recreational (177 t). Note that commercial harvest is based on logbook reporting, whereas recreational harvest is estimated and subject to greater uncertainty.
The previous stock assessment estimated that in July 2012 the stock was at 60% of unfished biomass (i.e. before fishing began) over the areas commonly fished by commercial fishers. This stock assessment updates the existing model to cover the full extent of the GBR in Queensland waters and includes harvest information from the recreational sector.
This stock assessment used a spatial age-structured model with a yearly time step based on financial years. The model considered twelve spatial sub-populations (“strata”) of fish based primarily on differences in coral reef habitat.
The model incorporated data spanning the period from 1961-62 to 2017-18 (including commercial harvest (1988-89 to 2017-18); historical commercial (1961-62 to 1981-82); recreational harvest (199697 to 2013-14); age monitoring (1994-95 to 2004-05); and underwater visual surveys (1982-83 to 2017-18)).
Model analyses suggested that biomass declined between 1951-52 and 2003-04 to 55% unfished biomass. In 2017-18, the stock level was estimated to be 68% unfished total biomass.
Maximum sustainable yield (MSY) was estimated at 1740 t per year, and the yield consistent with a biomass ratio of 68% (a proxy for maximum economic yield in this fishery) was estimated at 1398 t (all sectors, excluding Torres Strait)".