4FAllocation of quota following replacement fishing determination

4F Allocation of quota following replacement fishing determination

4F Allocation of quota following replacement fishing determination

(1) If an interim fishing determination for a fishing period is subsequently replaced by a fishing determination made by the TAF Committee for the same fishing period, the Minister may give directions to the Secretary as to the manner in which the Secretary is to allocate the replacement fishing determination among shareholders.

(2) Without limiting subclause (1), a direction may require the Secretary to have regard to the following—

(a) any quota used during the interim fishing period,

(b) the transfer of any quota between shareholders during the interim fishing period,

(c) the transfer of any shares during the interim fishing period.

(3) In this clause—

interim fishing period means the part of a fishing period in respect of which an interim fishing determination was in force.

interim fishing determination means an interim fishing determination made by the Secretary under section 40I of the Act.