The review would not undermine the quota management system, Treaty settlements or the existing rights of commercial and recreational fishers.
Mr Guy said it was important that the review included a focus on new technology, in particular cameras and GPS for commercial boats.
"So we know where they're operating, so we know how much fish they're taking, how much is potentially being dumped," he said.
By October, all commercial trawlers were expected to have cameras on board, which was part of a plan to maintain stocks in the Snapper 1 fishery.
Ministry for Primary Industries officials would begin contacting stakeholders in the next few weeks.