Fisheries Management Act 1994
40TTransfer of quota
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40T Transfer of quota
40T Transfer of quota
(1) The regulations may provide for the transfer of quota between commercial fishing authority holders.
(2) A commercial fishing authority holder may transfer to any other commercial fishing authority holder the whole or any part of the authority holder’s quota in accordance with the regulations.
(3) Subject to the regulations, a quota for a fishing period is not transferable after the end of the fishing period.
(4) The regulations may authorise a commercial fishing authority holder—
(a) to transfer to the next fishing period any part of the quota for the current fishing period that is not taken during the current period, or
(b) to transfer to the current fishing period part of the quota for the next fishing period.
ss 40P–40T: Ins 2015 No 59, Sch 1 [21].