sec.106ZBWhen select coral ITQ unit entitlement is used for a select coral ITQ year

sec.106ZB When select coral ITQ unit entitlement is used for a select coral ITQ year

The entitlement under a select coral ITQ unit is used for a select coral ITQ year— when the holder of, or a person acting under, the select coral ITQ unit has taken in the select coral ITQ year, under any hand-harvest ITQ licence held by the holder, an amount of (whole weight) prescribed select coral equalling the holder’s entitlement under the select coral ITQ unit; or if section 106ZC applies. The unused entitlement under a select coral ITQ unit for a select coral ITQ year is the amount of (whole weight) prescribed select coral that has not been taken, for the select coral ITQ year, under any hand-harvest ITQ licence held by the holder of the select coral ITQ unit. s 106ZB ins 2023 SL No. 44 s 6 (sec.106ZB-ssec.1) The entitlement under a select coral ITQ unit is used for a select coral ITQ year— when the holder of, or a person acting under, the select coral ITQ unit has taken in the select coral ITQ year, under any hand-harvest ITQ licence held by the holder, an amount of (whole weight) prescribed select coral equalling the holder’s entitlement under the select coral ITQ unit; or if section 106ZC applies. (sec.106ZB-ssec.2) The unused entitlement under a select coral ITQ unit for a select coral ITQ year is the amount of (whole weight) prescribed select coral that has not been taken, for the select coral ITQ year, under any hand-harvest ITQ licence held by the holder of the select coral ITQ unit.

• (a) when the holder of, or a person acting under, the select coral ITQ unit has taken in the select coral ITQ year, under any hand-harvest ITQ licence held by the holder, an amount of (whole weight) prescribed select coral equalling the holder’s entitlement under the select coral ITQ unit; or
• (b) if section 106ZC applies.