7Minimum shareholding—all shares other than general ocean hauling and purse seine net shares

#### 7 Minimum shareholding—all shares other than general ocean hauling and purse seine net shares 7 Minimum shareholding—all shares other than general ocean hauling and purse seine net shares > > (1) For the purpose of section 67 (1) of the Act, the minimum shareholding in relation to a class of shares specified in the Table to this clause is the number of shares of that class specified in the Table next to the class concerned. > > > > Note— > > > > A person who does not hold the minimum shareholding required for a class of shares will not be eligible to be given, or to nominate another person to be given, an endorsement that authorises the taking of fish in respect of shares of that class. See section 68 (3) (b) of the Act. > > > (2) The shares relied on to meet the minimum shareholding requirement must all be a component of the same ocean hauling fishing business. > > Table > > | Class of shares | Minimum shareholding | > | Ocean hauling—hauling net (general purpose) shares (Region 1) | 80 | > | Ocean hauling—hauling net (general purpose) shares (Region 2, 4 or 6) | 50 | > | Ocean hauling—hauling net (general purpose) shares (Region 3) | 120 | > | Ocean hauling—hauling net (general purpose) shares (Region 5) | 70 | > | Ocean hauling—hauling net (general purpose) shares (Region 7) | 160 | > | Ocean hauling—garfish net (hauling) shares (Region 1) | 10 | > | Ocean hauling—garfish net (hauling) shares (Region 2, 3, 4, 5, 6 or 7) | 40 | > | Ocean hauling—pilchard, anchovy and bait net (hauling) shares (Region 1, 3, 5 or 7) | 30 | > | Ocean hauling—pilchard, anchovy and bait net (hauling) shares (Region 2) | 10 | > | Ocean hauling—pilchard, anchovy and bait net (hauling) shares (Region 4 or 6) | 20 |