CTHRepealedLegislation
Fisheries Management Regulations 1992
20Payment by instalments
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#### 20 Payment by instalments
For the purposes of subsection 121(1) of the Act, a person who makes the highest qualifying bid for a grant of a fishing right at an auction:
(a) must pay 10 percent of the amount of charge payable in relation to the grant to AFMA immediately after the person’s bid is accepted; and
(b) must pay the remainder of the amount to AFMA:
(i) in the period ending 30 days after the day on which the person’s bid is accepted; or
(ii) if the person makes an agreement with AFMA to pay the amount at a different time—at that time; or
(iii) if the person makes an agreement with AFMA
to pay the amount by instalments—when the instalments are due and payable.