Fisheries Management (General) Regulation 2019
180Transfer to owners in other fisheries
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180 Transfer to owners in other fisheries
180 Transfer to owners in other fisheries
(1) This clause applies in respect of the transfer of shares in a relevant share management fishery only.
(2) A share (other than a quota share) in a fishery that is a component of a fishing business may be transferred by the owner of the fishing business (the transferor) to another person if the person is, immediately before the transfer, an owner of a fishing business the components of which include a share in another relevant share management fishery and all shares (other than quota shares) held in the fishery, that are a component of the transferor’s fishing business, are transferred to that person.
(3) If the share (not being a quota share) being transferred is a share in the ocean trawl fishery, any southern fish trawl endorsement that is a component of the same fishing business must also be transferred to the person.
(4) A quota share in a fishery that is a component of a fishing business may be transferred by the owner of the fishing business to another person if the person 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 a southern fish trawl endorsement.