sec.181Application of increased total quota entitlement for 2025–2026 SM year

sec.181 Application of increased total quota entitlement for 2025–2026 SM year

This section applies to each SM unit held by the holder of an SM licence on 1 February 2026. The holder’s entitlement under the SM unit for the SM year starting on 1 July 2025 must be worked out under section 86 using the increased total quota entitlement for spanish mackerel. The total number of SM units that have been issued is 577,984. The increased total quota entitlement for spanish mackerel for the SM year starting on 1 July 2025 is 250t. Under subsection (2), the entitlement under each SM unit held by the holder of an SM licence on 1 February 2026 for the SM year is 0.43253792492kg, being 250t divided by 577,984. If the holder holds 1,000 SM units on 1 February 2026, the holder’s total entitlement under the SM units is 432.53792492kg, being 1,000 times 0.43253792492kg. In this section— increased total quota entitlement , for spanish mackerel, means the total quota entitlement for spanish mackerel for the SM year starting on 1 July 2025, as increased by the Fisheries Legislation (Spanish Mackerel) Amendment Regulation 2026 . total quota entitlement , for spanish mackerel, for an SM year, means the total quota entitlement stated for spanish mackerel in the quota declaration for the spanish mackerel commercial fishery for the SM year. s 181 ins 2026 SL No. 5 s 6 (sec.181-ssec.1) This section applies to each SM unit held by the holder of an SM licence on 1 February 2026. (sec.181-ssec.2) The holder’s entitlement under the SM unit for the SM year starting on 1 July 2025 must be worked out under section 86 using the increased total quota entitlement for spanish mackerel. The total number of SM units that have been issued is 577,984. The increased total quota entitlement for spanish mackerel for the SM year starting on 1 July 2025 is 250t. Under subsection (2), the entitlement under each SM unit held by the holder of an SM licence on 1 February 2026 for the SM year is 0.43253792492kg, being 250t divided by 577,984. If the holder holds 1,000 SM units on 1 February 2026, the holder’s total entitlement under the SM units is 432.53792492kg, being 1,000 times 0.43253792492kg. (sec.181-ssec.3) In this section— increased total quota entitlement , for spanish mackerel, means the total quota entitlement for spanish mackerel for the SM year starting on 1 July 2025, as increased by the Fisheries Legislation (Spanish Mackerel) Amendment Regulation 2026 . total quota entitlement , for spanish mackerel, for an SM year, means the total quota entitlement stated for spanish mackerel in the quota declaration for the spanish mackerel commercial fishery for the SM year.