The Australian government plans a 1,000,000 sq. km marine sanctuary in the coral sea that would be off limits to hydrocarbon exploration and development and have significantly restricted food-fishing quotas, including a 51% no-take area and a gillnet and trawling ban.

Commercial fishing operators and energy interests are opposing the proposal.  The proposal is open to public comment for three months.  I would not be surprised if there was a compromise on the final legislation. 

An interview with Terry Hughes, marine biologist, and industry representatives can be found here.