#### 49 Who may hold shares 49 Who may hold shares > > (1) The persons eligible to hold shares are not limited to the holders of commercial fishing licences or natural persons. > > > (2) However, the regulations may prohibit a class of persons from holding shares. For example, the regulations may prohibit persons from holding shares if they have a record of offences against this Act or if they are individuals not resident in Australia or they are companies in which any such individuals have a controlling interest. > > > (3) Two or more persons may jointly hold the same share. > > > (4) This section does not affect any disqualification from holding shares under this Act.

Previous section48Provisional issue of shares to applicants Next section50Method of determining eligibility and entitlement to shares