6One nominated fisher per fishing business

6 One nominated fisher per fishing business

6 One nominated fisher per fishing business

(1) A person nominated to take fish on behalf of a shareholder must be nominated in respect of all shares held by the shareholder that are a component of the same fishing business and all endorsements in a restricted fishery that are a component of that fishing business.

(2) A shareholder may nominate one (and not more than one) person to take fish on behalf of the shareholder for each fishing business of which he or she is the owner.

(3) A nomination applies in respect of the fishing business indicated by the shareholder and operates to authorise a person to take fish only in respect of those shares (and endorsements) that are a component of the relevant business.

(4) A separate nomination must be made in respect of each separate fishing business.

(5) If shares held by a shareholder are components of more than one fishing business, either the same or a different person may be nominated in respect of each separate fishing business.

(6), (7) (Repealed)

(8) This clause is subject to section 69 (2) of the Act.

Note.

Section 69 (2) prevents a shareholder from nominating a person to take fish on behalf of the shareholder unless the shareholder has the minimum shareholding in the fishery required.