178Renewal of licence

178 Renewal of licence (1) The Director must not renew a Pearl Oyster Culture Industry licence unless: (a) he or she is satisfied that: (i) the applicant has applied for renewal of his or her Pearl Oyster Fishery licence; and (ii) the applicant's allocation in relation to his or her Pearl Oyster Fishery licence for the licensing year for which it would be renewed would be 5 pearl oyster fishing units or more; and (iii) the Director intends to renew the Pearl Oyster Fishery (b) the applicant has complied with the Act and any other instrument of a legislative or administrative character applicable to the Pearl Oyster Fishery. (2) Where the Director renews a Pearl Oyster Culture Industry licence, he or she must specify on the licence: (a) the allocation of pearl oyster fishing units in relation to the licensee's Pearl Oyster Fishery licence for the licensing year for which that licence is renewed; and (b) the licensee's allocation of pearl oyster hatchery units under clause 13 of the Pearl Oyster Culture Industry Management Plan 1998 for the licensing year for which the Pearl Oyster Culture Industry licence is renewed. Fisheries Regulations 1992 153