© 2026 Zoe. All rights reserved.
Zoe is a legal information platform. Always consult the Federal Register of Legislation for authoritative text.
Fisheries Management (Aquaculture) Regulation 2024
Start here
Turn the raw legal text into a practical explanation grounded in Fisheries Management (Aquaculture) Regulation 2024.
24 Permit holder may change financial arrangements—the Act, s 152(1)(a) and (5)
(1) A permit holder who enters into an elective financial arrangement for the purposes of satisfying the security condition of the permit may, at any time with the approval of the Minister—
(a) for a class A or class B permit holder—change the kind of elective financial arrangement to another kind of elective financial arrangement, or
(b) for a class A permit holder of a class 1 lease—end the elective financial arrangement and guarantee the permit holder’s compliance obligations under the default financial arrangement.
(2) A relevant class A permit holder may, at any time, choose to opt out of the default financial arrangement and enter into an elective financial arrangement for the purposes of satisfying the security condition of the permit.
(3) In this section—
relevant class A permit holder means a class A permit holder who—
(a) chooses, under section 23(3), to guarantee the permit holder’s compliance obligations under the default financial arrangement, or
(b) is taken to have chosen, under section 23(4), to guarantee the permit holder’s compliance obligations under the default financial arrangement.