sec.163Obligation to pay net proceeds of sale of fisheries resources

### sec.163 Obligation to pay net proceeds of sale of fisheries resources This section applies if— fisheries resources are seized under this Act; and the fisheries resources— are sold after becoming property of the State; or are fish that have been sold under section 160A . The chief executive must pay the net proceeds of sale to the owner of the fisheries resources at the end of— 6 months; or if a prosecution for an offence involving the fisheries resources is started within the 6 months—the prosecution for the offence and any appeal from the prosecution. This section does not require the payment of the net proceeds of sale if a court has— confirmed the seizure; or ordered that the net proceeds of sale be forfeited to the State. s 163 amd 2000 No. 26 s 13 sch 2 ; 2006 No. 28 s 42 (sec.163-ssec.1) This section applies if— fisheries resources are seized under this Act; and the fisheries resources— are sold after becoming property of the State; or are fish that have been sold under section 160A . (sec.163-ssec.2) The chief executive must pay the net proceeds of sale to the owner of the fisheries resources at the end of— 6 months; or if a prosecution for an offence involving the fisheries resources is started within the 6 months—the prosecution for the offence and any appeal from the prosecution. (sec.163-ssec.3) This section does not require the payment of the net proceeds of sale if a court has— confirmed the seizure; or ordered that the net proceeds of sale be forfeited to the State. - (a) fisheries resources are seized under this Act; and - (b) the fisheries resources— (i) are sold after becoming property of the State; or (ii) are fish that have been sold under section 160A . - (i) are sold after becoming property of the State; or - (ii) are fish that have been sold under section 160A . - (i) are sold after becoming property of the State; or - (ii) are fish that have been sold under section 160A . - (a) 6 months; or - (b) if a prosecution for an offence involving the fisheries resources is started within the 6 months—the prosecution for the offence and any appeal from the prosecution. - (a) confirmed the seizure; or - (b) ordered that the net proceeds of sale be forfeited to the State.