179Transfer to owners in the same fishery

#### 179 Transfer to owners in the same fishery 179 Transfer to owners in the same fishery > > (1) This clause applies in respect of the transfer of shares in a relevant share management fishery only. > > > (2) A share that is a component of a fishing business may be transferred by the owner of the fishing business (the transferor) to another person (the transferee) if the transferee is, immediately before the transfer, an owner of a fishing business the components of which include a share or shares in the same fishery as the share being transferred. > > > (3) If the share being transferred is an ocean share, the share may be transferred to the transferee only if— > > > > > (a) the transferee holds a share or shares of that class immediately before the transfer, or > > > > > (b) all shares of that class held by the transferor, that are a component of the transferor’s fishing business, are transferred to the transferee. > > > (4) If the share being transferred is an ocean share in the ocean trawl fishery, the share may also be transferred if the transferee is, immediately before the transfer, the owner of a fishing business the components of which include a southern fish trawl endorsement and all ocean shares of the class proposed to be transferred, that are a component of the transferor’s fishing business, are transferred to the transferee. > > > (5) In this clause, ocean share means a share (other than a quota share) in the ocean hauling fishery or the ocean trawl fishery or an ocean trap and line—spanner crab northern zone share.