29Grant made available to highest bidder etc.

#### 29 Grant made available to highest bidder etc. (1) Where an auction has been held in respect of the grant of a fishing right, the grant is available to the person who made the highest qualifying bid for the grant at the auction. (2) Where tenders have been called in respect of the grant of a fishing right, the grant is available to the person ranked highest on the precedence list prepared for the purposes of the grant. (3) Where subsections (1) and (2) do not apply in relation to a grant of a fishing right, the grant is available to the person selected in accordance with the procedures specified for that purpose in the plan of management relating to the grant. (4) Where a grant of a fishing right is available to a person under this section, AFMA must, as soon as practicable: (a) notify that fact in writing to that person and to each other person who was registered under section 26 as an eligible person for the grant of that fishing right; and (b) give to each such person a statement in writing of the reasons for making the grant so available and of any right of review that the person has in relation to the decision to make the grant so available.