Fisheries (Commercial Fisheries) Regulation 2019
sec.118Quota authority certificate changes required
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sec.118 Quota authority certificate changes required
This section applies if, under section 65B of the Act , the chief executive registers the transfer of quota units. The chief executive must give effect to the transfer by doing any of the following— changing, cancelling or replacing the transferor’s and transferee’s current quota authority certificates for the quota units transferred; issuing the transferee a new quota authority certificate for the quota units transferred. (sec.118-ssec.1) This section applies if, under section 65B of the Act , the chief executive registers the transfer of quota units. (sec.118-ssec.2) The chief executive must give effect to the transfer by doing any of the following— changing, cancelling or replacing the transferor’s and transferee’s current quota authority certificates for the quota units transferred; issuing the transferee a new quota authority certificate for the quota units transferred.
- (a) changing, cancelling or replacing the transferor’s and transferee’s current quota authority certificates for the quota units transferred;
- (b) issuing the transferee a new quota authority certificate for the quota units transferred.