6BAllocation of quota shares—first issue

6B Allocation of quota shares—first issue

6B Allocation of quota shares—first issue

(1) A person is eligible to be issued with the quota shares specified in Column 1 of the Table to subclause (2) if the person is an eligible shareholder in relation to those shares.

(2) A person is an eligible shareholder in relation to a class of quota shares specified in Column 1 of the Table to this subclause if, on the relevant date, the person holds shares of a class specified opposite in Column 2.

Table Eligibility for quota shares

| Column 1 | Column 2 | | Quota shares | Existing shares | | Estuary general—mud crab quota shares | Estuary general—meshing shares—Regions 1–7 | | | Estuary general—mud crab trapping shares—Regions 1–7 | | Estuary general—blue swimmer crab quota shares | Estuary general—meshing shares—Regions 1–7 | | | Estuary general—trapping shares—Regions 1–7 | | | Estuary general—category one hauling shares—Regions 1–7 | | Estuary general—eel quota shares | Estuary general—eel trapping shares—Regions 1–7 |

(3) The Minister is to determine the number of quota shares to be issued to each eligible shareholder under this clause.

(4) The determination is to be made on the basis of an allocation formula set out in a notice published by the Secretary in the Gazette.

(5) The allocation formula is also to be made available on the Department’s website.

(6) The relevant date is the date specified as the relevant date in the notice published by the Secretary under subclause (4).