sch.2A-sec.4Particular holders may nominate trawl region for used T1 effort units

sch.2A-sec.4 Particular holders may nominate trawl region for used T1 effort units

This section applies if the holder of used T1 effort units obtained the holder’s T1 licence between 1 January 2015 and 30 June 2017. The holder may, before 16 July 2021, give the chief executive written notice nominating 1 or more trawl regions to which a stated number of the used T1 effort units are to be converted under this part. However, the holder— must nominate 1 or more trawl regions for exactly 50% of the holder’s used T1 effort units; and can not nominate the Moreton Bay trawl region. In this section— obtained , in relation to a T1 licence, means obtained in either of the following ways— by issue of the licence by the chief executive; by transfer of the licence from another person. (sch.2A-sec.4-ssec.1) This section applies if the holder of used T1 effort units obtained the holder’s T1 licence between 1 January 2015 and 30 June 2017. (sch.2A-sec.4-ssec.2) The holder may, before 16 July 2021, give the chief executive written notice nominating 1 or more trawl regions to which a stated number of the used T1 effort units are to be converted under this part. (sch.2A-sec.4-ssec.3) However, the holder— must nominate 1 or more trawl regions for exactly 50% of the holder’s used T1 effort units; and can not nominate the Moreton Bay trawl region. (sch.2A-sec.4-ssec.4) In this section— obtained , in relation to a T1 licence, means obtained in either of the following ways— by issue of the licence by the chief executive; by transfer of the licence from another person.

• (a) must nominate 1 or more trawl regions for exactly 50% of the holder’s used T1 effort units; and
• (b) can not nominate the Moreton Bay trawl region.
• (a) by issue of the licence by the chief executive;
• (b) by transfer of the licence from another person.