153ICompensation

153I Compensation S. 153I(1) amended by No. 68/2016 s. 148. (1) A licence holder whose licence is cancelled by the Secretary or the Victorian Fisheries Authority under section 153H is only entitled to be paid compensation calculated in accordance with, and limited to, Part 3 of Schedule 4. (2) The compensation is to be paid out of the Consolidated Fund (which, by this section, is appropriated to the extent necessary). S. 153I(3) inserted by No. 40/2019 s. 37. (3) The holder of a Western Port/Port Phillip Bay Fishery Access Licence who has been given a notice referred to in section 153F(3) is entitled to be paid an amount of $205 000 out of the Consolidated Fund (which is, by this subsection, appropriated to the extent necessary) on the earlier of the following— (a) on making an application to the Secretary for that amount; (b) 1 April 2022. S. 153J inserted by No. 64/2015 s. 5.