The peroxisome is an organelle conserved across Eukaryota. Ever since their discovery, the scientific consensus regarding the processes through which peroxisomes are formed and are inherited has changed several times. It is now known that peroxisomes are either produced though fission of pre-existing ones or de novo from the endoplasmic reticulum (ER). However, the relative importance of these processes and the conditions in which they occur is still a subject of much debate. This has led to the proposal of several models attempting to explain the situation, predominantly supported through evidence gathered studying the budding yeast Saccharomyces cerevisiae. An evaluation of some of the proposals of these models in yeast is the main threa...