6BAAllocation of quota shares—second issue

6BA Allocation of quota shares—second issue

6BA Allocation of quota shares—second issue

(1) A person is eligible to be issued with the quota shares specified in Column 1 of the Table to this clause 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 if, at 12 noon on 28 September 2018, the person holds shares of a class specified opposite in Column 2.

(3) However, a person is not an eligible shareholder in relation to estuary general—pipi quota shares, cockle quota shares or ghost nipper quota shares if—

(a) the person holds an endorsement that authorises the taking of beachworm (but not pipi, cockle or ghost nipper), or

(b) the shares of a class specified in Column 2 held by the person are part of a fishing business a component of which is an endorsement that authorises the taking of beachworm (but not pipi, cockle or ghost nipper).

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

(5) The determination is to be made on the basis of the allocation formula set out in Schedule 2.

Table Eligibility for quota shares

| Column 1 | Column 2 | | Quota shares | Existing shares | | Estuary general—pipi quota shares | Estuary general—hand gathering shares—Regions 1–7 | | Estuary general—cockle quota shares | Estuary general—hand gathering shares—Regions 1–7 | | Estuary general—ghost nipper quota shares | Estuary general—hand gathering shares—Regions 1–7 | | Estuary general—beachworm quota shares | Estuary general—hand gathering shares—Regions 1–7 |