90Registration of shares

90 Registration of shares

90 Registration of shares

(1) The Secretary must register any shares in a share management fishery issued by the Minister by entering in the Share Register the following particulars—

(a) the name of the person to whom the shares are issued,

(a1) if the shares are a component of a fishing business, the number allocated to the fishing business by the Secretary under this Act,

(b) the number of shares issued,

(c) the share management fishery for which the shares are issued,

(d) the period for which the shares are issued,

(e) such other particulars (if any) as are prescribed by the regulations.

(2) The Secretary must register any renewal of shares in a share management fishery by entering in the Share Register the following particulars—

(a) the fact that the shares have been renewed,

(b) the period for which the shares are renewed,

(c) such other particulars (if any) as are prescribed by the regulations.

s 90: Am 2004 No 26, Sch 1 [26].