sec.86Entitlement under SM unit

sec.86 Entitlement under SM unit

The holder of, or a person acting under, an SM unit may take, in an SM year, the weight of spanish mackerel worked out by dividing the total quota entitlement for spanish mackerel for the SM year by the total number of SM units that have been issued. The authorisation for an SM year under subsection (1) — is the holder’s entitlement under the SM unit for the SM year; and imposes a quota on the entitlement for the SM year. However, the entitlement applies only while the holder holds an SM licence that is in force. In this section— 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. For the SM year starting on 1 July 2025, see section 181 . s 86 amd 2026 SL No. 5 s 4 (sec.86-ssec.1) The holder of, or a person acting under, an SM unit may take, in an SM year, the weight of spanish mackerel worked out by dividing the total quota entitlement for spanish mackerel for the SM year by the total number of SM units that have been issued. (sec.86-ssec.2) The authorisation for an SM year under subsection (1) — is the holder’s entitlement under the SM unit for the SM year; and imposes a quota on the entitlement for the SM year. (sec.86-ssec.3) However, the entitlement applies only while the holder holds an SM licence that is in force. (sec.86-ssec.4) In this section— 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.

• (a) is the holder’s entitlement under the SM unit for the SM year; and
• (b) imposes a quota on the entitlement for the SM year.