55FPower to implement redefinition proposal that has majority support

#### 55F Power to implement redefinition proposal that has majority support 55F Power to implement redefinition proposal that has majority support > > (1) If a redefinition proposal has majority support, the Minister may implement the redefinition proposal, including by cancelling shares and issuing or re-issuing shares as contemplated by the redefinition arrangements for the redefinition proposal. > > > (2) The regulations may make further provision for the implementation of redefinition proposals. > > > (3) Section 45 does not apply to the redefinition of an existing share management fishery under a redefinition proposal that has majority support. > > > (4) No compensation (including damages or any other form of compensation) is payable because of the cancellation of shares under this section or anything else that is done to implement a redefinition proposal that has majority support. > > > (5) Subsection (4) does not apply to compensation (if any) that is expressly offered to shareholders under a redefinition proposal. > > **pt 3, div 4A (ss 55A–55G):** Ins 2015 No 59, Sch 1 \[25\].