34BCommunity contribution

#### 34B Community contribution 34B Community contribution > > (1) For the purposes of section 77 of the Act, a community contribution is payable by each shareholder for each fishing period. > > > (2) The community contribution is payable by a shareholder 2 months after the end of the fishing period, or on such later date as may be determined by the Minister and notified in writing to the shareholder. > > > (3) The community contribution is calculated as follows— > > > > %20AND%20(No%3D0047)%20AND%20(Year%3D2000)%20AND%20(%22Historical%20Document%22%3D0))/g6.gif) > > where— > > > > CC is the community contribution. > > > > RP is the relevant percentage (as defined by subclause (4)). > > > > S is the number of shares in the fishery held by the shareholder on the last day of the fishing period. > > > > TS is the total number of shares in the fishery. > > > > TC is the total catch (in kilograms) of abalone by shareholders in the fishery during the fishing period, determined by the Minister on the basis of records kept by the Secretary. > > > > BP is the average beach price for abalone during the fishing period. > > > (4) For the purposes of subclause (3), the relevant percentage (RP) is calculated as follows— > > > > > (a) if the adjusted beach price for the fishing period is less than $43, the relevant percentage is zero (and no community contribution is payable), > > > > > (b) if the adjusted beach price for the fishing period is not less than $43 but is less than $53, the relevant percentage is 0.5% plus another 0.5% for each $1 by which the adjusted beach price exceeds $43, > > > > > (c) if the adjusted beach price for the fishing period is not less than $53 but is less than $62, the relevant percentage is 6% plus another 1% for each $1 by which the adjusted beach price exceeds $53, > > > > > (d) if the adjusted beach price for the fishing period is not less than $62, the relevant percentage is 15%. > > > (5) The Secretary is to calculate the community contribution for each shareholder at the end of the fishing period and advise shareholders of the amount that they are liable to pay. > > > (6) Interest is payable on late payments of the community contribution at the rate payable from time to time in respect of judgments of the Supreme Court. > > > (7) The community contribution may, with the approval of the Minister, be paid by instalments on such terms as the Minister approves. > > > (8) If an instalment is not paid by the due date, the balance then becomes due and payable (together with the interest payable for late payment). > > > (9) In this clause— > > > > adjusted beach price for a fishing period means— > > > > > (a) in the case of the fishing period ending on 30 June 2005—the average beach price for abalone during the fishing period, and > > > > > (b) in the case of a fishing period ending on or after 30 June 2006—the adjusted beach price for the fishing period, determined in accordance with this Part.