54Community contribution

#### 54 Community contribution 54 Community contribution > > (1) For the purposes of section 77 of the Act, the community contribution is payable by each shareholder for each fishing period. > > > (2) The community contribution is payable 2 months after the end of the fishing period, or on such later date as may be determined by the Minister. > > > (3) (Repealed) > > > (4) The community contribution for each subsequent fishing period is $115. > > > (5) Interest is payable on late payments of the community contribution at the rate payable from time to time in respect of judgments of the Supreme Court. > > > (6) The community contribution may, with the approval of the Minister, be paid by instalments on such terms as the Minister approves. > > > (7) If an instalment is not paid by the due date, the balance then becomes due and payable (together with the interest payable for late payment).