NSWIn ForceAct
Fisheries Management Act 1994
40UMethod for transferring quota
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#### 40U Method for transferring quota
40U Method for transferring quota
> > (1) A transfer of quota authorised by or under this Division must be effected—
> >
> > > (a) by electronic transfer (that is, by using the online transfer system), or
> >
> > > (b) by manual transfer (that is, by giving the Secretary notice in writing of the transfer).
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> > (2) The regulations may prescribe fees for the use of the online transfer system.
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> > (3) For a manual transfer, the notice given to the Secretary must be in a form approved by the Secretary and must be accompanied by the prescribed fee (if any) for manual transfers of quota.
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> > (4) A transfer of quota does not take effect until the transfer is confirmed.
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> > (5) An electronic transfer is confirmed if the online transfer system generates a message to the effect that the transfer is confirmed.
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> > (6) A manual transfer is confirmed if the Secretary gives notice in writing to the person lodging the transfer that the transfer has been approved.
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> > (7) In this section—
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> > online transfer system means a facility approved by the Secretary that enables the transfer of quota by electronic communication.
>
> **s 40U:** Ins 2015 No 59, Sch 1 \[21\]. Am 2018 No 25, Sch 1.11 \[1\]