182Transfer of quota and shares

#### 182 Transfer of quota and shares 182 Transfer of quota and shares > > (1) This clause applies in respect of the transfer of shares in all share management fisheries if the shares are a component of a fishing business to which quota is attached. > > > (2) Quota is attached to a fishing business if it has been allocated to or acquired by a person as a holder of shares and the shares are a component of the fishing business. > > > (3) A share that is a component of a fishing business to which quota of a particular type is attached may be transferred by the owner of the fishing business (the transferor) to another person (the transferee) in accordance with this Division only if— > > > > > (a) after the share transfer, the fishing business retains as a component 1 or more shares in the fishery that entitle the holder of those shares to be allocated or acquire that type of quota, or > > > > > (b) all unused quota of that type that is attached to the transferor’s fishing business is transferred to another person (whether or not the transferee). > > > > > > Note. > > > > > > If the transferor owns another fishing business, the unused quota may be transferred so that it is attached to that other fishing business. > > > (4) Subclause (3) does not authorise a transfer of quota otherwise than in accordance with Part 2A of the Supporting Plan.