68Endorsements on licences

68 Endorsements on licences

68 Endorsements on licences

(1) The Minister may endorse a commercial fishing licence for the taking of fish in a share management fishery.

(2) (Repealed)

(3) A licence may be so endorsed only if—

(a) the licensee is the holder of shares in the share management fishery or is duly nominated by that holder to take fish on behalf of that holder, and

(b) the shareholder has not less than the minimum shareholding in the share management fishery, or the minimum such shareholding for the class of shares concerned (if the management plan for the fishery fixes such minimums), and

(c) any community contribution, management charge or other amount due and payable by the holder under this Part has been paid.

(4) The licence of the holder of shares may not be endorsed if the holder has duly nominated some other commercial fisher to take fish on behalf of that holder. This subsection is subject to the management plan for the fishery.

(4A) The licence of the holder of shares (or of a person nominated by the holder) may not be endorsed if the holder is not eligible for an endorsement as a consequence of a contravention of the fishing business transfer rules.

(4B) The licence of a shareholder may not be endorsed if the shareholder is already authorised, by endorsement, to take fish in another share management fishery, unless the further endorsement is authorised by the management plan for each fishery in which the shareholder is, or will (as a consequence of the further endorsement), be authorised to take fish.

(4C) Subsection (4B) does not prevent a shareholder from nominating another person to take fish on behalf of the shareholder in any fishery in which the shareholder is prevented from holding an endorsement, subject to compliance with any requirements under section 69.

(5) An application for an endorsement is to be made in the form and manner approved by the Minister and accompanied by the fee prescribed by the regulations.

(6) An endorsement—

(a) remains in force for the period specified in the endorsement, and

(b) may be renewed by the grant of an endorsement for a further period.