The Taupō fishery is a unique system for New Zealand and requires a separate fishing licence.
A licence is required to fish in the Lake Taupō district. Licences are valid from 1 July to 30 June each year. You can purchase one here beforehand.
The country's largest lake supports and replenishes each river and stream with fish almost on a daily account. Unlike nearly every other water in New Zealand, where fishing within sight of other anglers is uncommon, some days with Turangi require courtesy and etiquette to fish in harmony. If you strike a day when the fish are running, take along extra flies and tackle. Be ready for near bust-offs, and burning runs as lake-fed beasts try and melt your reel. Prepare your gear by visiting the many tackle shops for the best flies and techniques. But what they can't fix are your aching arms from casting and tired jaw from smiling. However, a meal and a few cold drinks afterward at the local Turangi Tavern certainly help ease the aches and pains.
For a comprehensive online guide to help anglers familiarize themselves with the waterways around Taupō and Turangi, Johan Kok of Crazy about Fly Fishing offers a pay/view clinic to speed up of the speed bumps and challenges of flyfishing locally. You can find the online clinic HERE.