32Restrictions on transfer of quota units

32 Restrictions on transfer of quota units

(1)  The Secretary is not to transfer giant crab quota units to a person who is not the holder of a fishing licence (giant crab).

(2)  The Secretary is not to transfer giant crab quota units unless –

(a) the fishing quota unit balance specified in the transferor's fishing licence (giant crab) is reduced by a weight equivalent to the number of those giant crab quota units; and

(b) the weight of giant crab for those giant crab quota units has not already been caught.

(3)  The Secretary is not to transfer partially caught giant crab quota units.

(4)  If only one giant crab quota unit is specified in a fishing licence (giant crab), the Secretary is not to transfer that giant crab quota unit on a permanent basis unless –

(a) it is transferred with the licence; or

(b) the licence is surrendered to the Secretary and the giant crab quota unit is transferred to the holder of another fishing licence (giant crab).

(5)  However –

(a) subrule (2)(b) and subrule (3) do not apply to the permanent transfer of giant crab quota units that are transferred with the fishing licence (giant crab) in which the giant crab quota units are specified; and

(b) subrule (4) does not apply to the transfer of a giant crab quota unit on a temporary basis.