53Management charge

#### 53 Management charge 53 Management charge > > (1) The management charge payable under section 76 of the Act by shareholders in the fishery is not to exceed $98 per share. > > > (1A) For the purposes of section 76 (2) of the Act, the following costs of management are attributed to industry— > > > > > (a) the cost of developing, reviewing, implementing and ensuring compliance with strategies, policies, and legislation relating to the fishery (including for the purpose of promoting ecologically sustainable development of the fishery), > > > > > (b) the cost of providing administrative services in connection with the operation of the fishery, > > > > > (c) the costs incurred in connection with the establishment and operation of any relevant advisory council or advisory group, > > > > > (d) the costs incurred in connection with the following research (or such part of those costs as may be determined by the Minister)— > > > > > > > (i) ongoing research into the management and sustainability of the fishery or of commercial fisheries generally, > > > > > > > (ii) specific research projects relating to the management and sustainability of the fishery or of commercial fisheries generally, > > > > > (e) such other costs of management of the fishery as may be determined by the Minister after consultation with any relevant advisory council or advisory group. > > > (1B) The costs of management attributed to industry may be reduced in any manner the Minister considers appropriate to recognise any saving, or any public benefit or benefit to any other fishing sector, that is achieved in the management of the fishery. > > > (2) Interest is payable on late payments at the rate payable from time to time in respect of judgments of the Supreme Court. > > > (3) The management charge may, with the approval of the Minister, be paid by instalments on such terms as the Minister approves. > > Note— > > Section 76 of the Act provides that if an instalment is not paid by the due date, the balance then becomes due and payable (together with any interest for late payment prescribed by this Plan). > > The management charge may be affected by the introduction of a goods and services tax (or GST).