sec.119Entitlement of transferee

sec.119 Entitlement of transferee

The entitlement of the transferee under quota units transferred in a quota year is as follows— for that part of the quota year after registration of the transfer—the entitlement of the transferor under the quota units immediately before the registration; for a later quota year—the entitlement the transferor would have had under the quota units at the beginning of the quota year, as if the quota units had not been transferred. For subsection (1) (a) , if part of the entitlement of the transferor under a transferred quota unit has been used, the whole entitlement of the transferee under the transferred quota unit is taken to have been used. However, the transfer of effort units for a trawl region only includes an entitlement of the transferor to use a boat in the trawl region on a steaming day if the transferor’s former licence to which the effort units for a trawl region related was also transferred to the transferee. Subsection (3) does not affect the transferee’s entitlement to use a boat in the trawl region on a steaming day under other effort units. s 119 amd 2020 SL No. 236 s 155 ; 2026 SL No. 5 s 5 (sec.119-ssec.1) The entitlement of the transferee under quota units transferred in a quota year is as follows— for that part of the quota year after registration of the transfer—the entitlement of the transferor under the quota units immediately before the registration; for a later quota year—the entitlement the transferor would have had under the quota units at the beginning of the quota year, as if the quota units had not been transferred. (sec.119-ssec.2) For subsection (1) (a) , if part of the entitlement of the transferor under a transferred quota unit has been used, the whole entitlement of the transferee under the transferred quota unit is taken to have been used. (sec.119-ssec.3) However, the transfer of effort units for a trawl region only includes an entitlement of the transferor to use a boat in the trawl region on a steaming day if the transferor’s former licence to which the effort units for a trawl region related was also transferred to the transferee. (sec.119-ssec.4) Subsection (3) does not affect the transferee’s entitlement to use a boat in the trawl region on a steaming day under other effort units.

• (a) for that part of the quota year after registration of the transfer—the entitlement of the transferor under the quota units immediately before the registration;
• (b) for a later quota year—the entitlement the transferor would have had under the quota units at the beginning of the quota year, as if the quota units had not been transferred.