55Fishery that is existing restricted fishery

#### 55 Fishery that is existing restricted fishery 55 Fishery that is existing restricted fishery > > (1) A share management fishery that is also a restricted fishery ceases to be a restricted fishery when it becomes a limited access fishery. > > > (2) The endorsement of a commercial fishing licence to take fish in such a restricted fishery becomes, on the fishery so ceasing to be a restricted fishery, an endorsement under this Part to take fish in the share management fishery. This subsection applies only if the person concerned is entitled under this Part to have the licence so endorsed. > > > (3) Any provisions of the regulations that apply to such a restricted fishery apply (with any necessary modifications) as provisions of the regulations that apply to the limited access fishery, until those provisions are repealed. > > **s 55:** Am 2000 No 86, Sch 3 \[8\].