Fisheries (Commercial Fisheries) Regulation 2019
sec.106ZCNo carrying forward of unused entitlement
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sec.106ZC No carrying forward of unused entitlement
This section applies if, in a select coral ITQ year, the holder of, or a person acting under, select coral ITQ units takes an amount of prescribed select coral that is less than the total entitlements under the holder’s select coral ITQ units. The holder of the select coral ITQ units is taken, at the end of the select coral ITQ year, to have used all the entitlements under the select coral ITQ units held by the holder for the select coral ITQ year. s 106ZC ins 2023 SL No. 44 s 6 (sec.106ZC-ssec.1) This section applies if, in a select coral ITQ year, the holder of, or a person acting under, select coral ITQ units takes an amount of prescribed select coral that is less than the total entitlements under the holder’s select coral ITQ units. (sec.106ZC-ssec.2) The holder of the select coral ITQ units is taken, at the end of the select coral ITQ year, to have used all the entitlements under the select coral ITQ units held by the holder for the select coral ITQ year.