66KTransfer of individual abalone quota units

66K Transfer of individual abalone quota units S. 66K(1) amended by No. 68/2016 s. 87(1). (1) A transfer of individual abalone quota units may only be made with the approval of the Victorian Fisheries Authority. S. 66K(2) amended by Nos 68/2016 s. 87(1), 35/2019 s. 8(5). (2) The holder of an individual abalone quota unit may apply to the Victorian Fisheries Authority for approval to transfer one or more individual abalone quota units to any other person. (3) A fraction of an individual abalone quota unit cannot be transferred. S. 66K(4) amended by No. 68/2016 s. 87(2). (4) The Victorian Fisheries Authority must not grant an application for approval to transfer any individual abalone quota unit to a person unless the Victorian Fisheries Authority is satisfied that— (a) the person is a fit and proper person to hold individual abalone quota units; and (b) the person is an individual, a single corporation or a co-operative and is not a partnership or a consortium; and (c) the person satisfies any relevant eligibility criteria specified in the regulations; and (d) the holders of any financial interests in the individual abalone quota unit consent to the transfer of the individual abalone quota unit. S. 66K(5) amended by No. 68/2016 s. 87(3). (5) An application for the approval of a transfer must be made in the manner and form required by the Victorian Fisheries Authority. S. 66K(6) amended by No. 68/2016 s. 87(4). (6) The Victorian Fisheries Authority may grant an application if it is consistent with every quota order and management plan that applies to the abalone quota fishery. S. 66K(7) amended by No. 68/2016 s. 87(4). (7) The Victorian Fisheries Authority must refuse to grant an application that is inconsistent with any relevant provision of this Act. S. 66K(8) amended by No. 68/2016 s. 87(5). (8) Without limiting subsection (7), the Victorian Fisheries Authority must refuse to grant an application for the approval of a transfer of an individual greenlip abalone quota unit if the total allowable catch for greenlip abalone is set at zero. (9) Subsection (8) does not apply if the application for the approval of a transfer of an individual greenlip abalone quota unit is made with an application for the transfer of an Abalone Fishery Access Licence for the zone in respect of which the individual abalone quota unit applies. S. 66L inserted by No. 58/2005 s. 7.