Eastern Tuna and Billfish Fishery Management Plan 2005
47Leases of SFRs
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47 Leases of SFRs
(1) This section applies if, in a fishing season, the holder of an SFR leases the SFR to someone else.
(2) The holder must give AFMA written notice about the lease, in an approved form.
(3) A lease of an SFR has effect only if:
(a) it finishes on the last day of the fishing season in which it is granted; and
(b) before the lease is granted:
(i) all levy payable for the SFR has been paid; and
(ii) in the case of a longline SFR — none of the effort units for the SFR for the fishing season in which the lease is granted has been expended.
Note See section 46 of the Act about the requirement to register a dealing with a statutory fishing right.