The pale octopus supports the principal commercial octopus fishery in southeastern Australia, the Tasmanian Octopus Fishery (TOF), which operates in Bass Strait and waters east of Flinders Island under licence from the Tasmanian Department of Natural Resources and Environment. Targeted fishing for pale octopus in Tasmanian waters dates to about 1980, and since December 2009 a specific octopus licence has been required to participate.
The fishery uses unbaited moulded plastic "shelter pots" (volume approximately 3,000 mL) attached to demersal longlines up to 3–4 km in length, set on the sea floor at depths of 15 to 85 m. Octopus enter the unbaited pots seeking shelter, and pots are typically hauled after a soak time of 3–6 weeks. Annual catches have ranged from 55 to 132 tonnes since the early 2000s, fluctuating around 80 tonnes for much of the 2010s.