122GApplication for transfer

122G Application for transfer (1) A licensee may apply to the Director, in the approved form, to: (a) permanently or temporarily transfer a pearl oyster fishing unit to a Pearl Oyster Fishery licensee; or Fisheries Regulations 1992 117 (b) permanently transfer a pearl oyster fishing unit to an applicant for, or a person who intends to apply for, a Pearl Oyster Fishery licence. (2) A Pearl Oyster Fishery licensee must not, during a licensing year, apply under subregulation (1) to transfer a pearl oyster fishing unit to a person if, were the transfer to be approved: (a) the number of pearl oysters that may during the licensing year be taken under regulation 122A by the licensee; or (b) the number of pearl oysters that may during the licensing year be seeded in accordance with clause 11(1)(b) of the Pearl Oyster Culture Industry Management Plan 1998 by the licensee, would be less than the number of pearl oysters taken or seeded by the licensee during the licensing year.