27Tenders for fishing rights

27 Tenders for fishing rights

(1) This section applies where, under a plan of management, tenders are to be called in respect of the grant of a fishing right or fishing rights. (2) An application for registration must be accompanied by a tender made in accordance with subsection (3). (3) The tender must: (a) specify the amount that the applicant is willing to pay to the Commonwealth for the grant; and (b) be enclosed in a sealed, opaque envelope on which is written only: (i) the name and address of the applicant; and (ii) words identifying the grant to which the tender relates. (4) AFMA must take reasonable steps to ensure that the envelope containing the tender is kept in such a way as to prevent premature disclosure of the amount specified in the tender and, in particular, must take reasonable steps to ensure that the envelope is not interfered with until it is opened in accordance with the regulations.