NTIn ForceRegulation
FISHERIES REGULATIONS 1992
122LWhere units transferred to person who intends to apply for
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122L Where units transferred to person who intends to apply for
licence
(1) Where the Director approves an application under
regulation 122G(1)(b) for the transfer of one or more pearl oyster
fishing units to an applicant for, or a person who intends to apply
for, a Pearl Oyster Fishery licence, the Director must specify on the
transferor's Pearl Oyster Fishery licence the number of units to be
transferred from the licensee on the grant of the licence to the
(2) Where the Director approves and application under
regulation 122G(1)(b) for the transfer of one or more pearl oyster
fishing units to an applicant for, or a person who intends to apply
for, a Pearl Oyster Fishery licence, the Director must specify on the
Pearl Oyster Fishery licence granted to the person:
(a) the number of pearl oyster fishing units permanently
transferred to him or her on the grant of the licence; and
(b) the total allowable catch on respect of the licensing year in
which the pearl oyster fishing units are transferred.