That was a good size squid...
The South East Trawl Fishing Association reported the squid was estimated to be close to three metres long and weighed up to 100 kilograms.
According to the association, not only was the squid enormous, it was also potentially worth a lot of money.
In 2005, the Melbourne Aquarium paid $100,000 to buy, transport and display a 250-kilogram giant squid caught by fishermen off New Zealand's South Island.
But skipper Alec Harvey threw away his chance of potentially making big bucks out of bycatch.
After photographing the squid, the crew threw the creature back over the side.