6Minimum shareholding

6 Minimum shareholding

6 Minimum shareholding

(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 sections 68 (3) (b) and 69 (2) of the Act.

(2)–(6) (Repealed)

(7) The shares relied on to meet the minimum shareholding requirement must all be a component of the same ocean trawl fishing business.

Table

| Class of shares | Minimum shareholding | | Ocean trawl—inshore prawn shares | 50 | | Ocean trawl—offshore prawn shares | 50 | | Ocean trawl—deepwater prawn shares | 25 | | Ocean trawl—fish northern zone shares | 50 |