Fisheries Management Act 1994
165Lease rentals
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165 Lease rentals
165 Lease rentals
(1) The Minister is required to determine the rental of an aquaculture lease granted or renewed under this Division on the basis of the area of the lease.
(2) The Minister may redetermine the rental of an aquaculture lease at such periods, being not less than 1 year, as the Minister thinks fit.
(3) The amount paid in connection with an auction or a public tender for an aquaculture lease does not constitute the rental payable for the lease.
(4) The regulations may make provisions for or with respect to the rental for aquaculture leases.
(5) In particular, the regulations may prescribe a minimum rental for an aquaculture lease, either in respect of leases generally or leases of a particular class.