sec.99Entitlement under C2-ITQ unit

sec.99 Entitlement under C2-ITQ unit

The holder of, or a person acting under, a C2-ITQ unit may take in a C2-ITQ year the weight of spanner crabs worked out by dividing the total quota entitlement for the year by the total number of C2-ITQ units that have been issued. The authorisation for a C2-ITQ year under subsection (1) — is the holder’s entitlement under the C2-ITQ unit for the C2-ITQ year; and imposes a quota on the entitlement for the C2-ITQ year. However, the entitlement applies only while the holder holds a C2 licence. In this section— total quota entitlement , for spanner crabs, for a C2-ITQ year, means the total quota entitlement stated for spanner crabs in the quota declaration for the commercial spanner crab fishery (managed area A) for the C2-ITQ year. s 99 amd 2020 SL No. 236 s 82 sch 1 (sec.99-ssec.1) The holder of, or a person acting under, a C2-ITQ unit may take in a C2-ITQ year the weight of spanner crabs worked out by dividing the total quota entitlement for the year by the total number of C2-ITQ units that have been issued. (sec.99-ssec.2) The authorisation for a C2-ITQ year under subsection (1) — is the holder’s entitlement under the C2-ITQ unit for the C2-ITQ year; and imposes a quota on the entitlement for the C2-ITQ year. (sec.99-ssec.3) However, the entitlement applies only while the holder holds a C2 licence. (sec.99-ssec.4) In this section— total quota entitlement , for spanner crabs, for a C2-ITQ year, means the total quota entitlement stated for spanner crabs in the quota declaration for the commercial spanner crab fishery (managed area A) for the C2-ITQ year.

• (a) is the holder’s entitlement under the C2-ITQ unit for the C2-ITQ year; and
• (b) imposes a quota on the entitlement for the C2-ITQ year.