175Transfer of southern fish trawl endorsements

#### 175 Transfer of southern fish trawl endorsements 175 Transfer of southern fish trawl endorsements > > (1) For the purposes of section 114 of the Act, the transfer of a southern fish trawl endorsement, in accordance with this clause, is authorised. > > > (2) A southern fish trawl endorsement that is a component of a fishing business may be transferred by the owner of the fishing business to another person (the transferee) only if— > > > > > (a) all components of the fishing business are transferred to the transferee, or > > > > > (b) all shares (if any) in the ocean trawl fishery that are components of the fishing business are transferred to the transferee and that transferee is, immediately before the transfer, an owner of a fishing business the components of which include a share in a relevant share management fishery, or > > > > > (c) the transferee is, immediately before the transfer, a shareholder in the ocean trawl fishery, or > > > > > (d) the transfer is part of an arrangement for the endorsement concerned to be surrendered to the Minister for cancellation. > > > (3) In this clause, relevant share management fishery means the following— > > > > > (a) the estuary general fishery, > > > > > (b) the estuary prawn trawl fishery, > > > > > (c) the ocean hauling fishery, > > > > > (d) the ocean trap and line fishery, > > > > > (e) the ocean trawl fishery. > > Note. > > Clause 146 provides that if the transfer of an endorsement is in accordance with this Part, the person who transfers the endorsement ceases to be eligible for that endorsement, and the person to whom the transfer is made becomes eligible for an endorsement of the same kind.