78FAnnual allocation of quota units

78F Annual allocation of quota units (1) On 1 July in each licence year, the Director must allocate the CLF licence to which fishery units are attached. (2) If a CLF licence to which fishery units are attached is renewed after Director must allocate the number of quota units mentioned in subregulation (3) to the licence. Fisheries Regulations 1992 60 (3) The number of quota units to be allocated for each CLF species is A is the number of quota units for the relevant CLF species to be allocated to the CLF licence. L is the number of fishery units for the relevant CLF species attached to the CLF licence on the date of the allocation before any T is the total number of fishery units for the relevant CLF species as mentioned in regulation 78C. TAC is the total allowable catch for the relevant CLF species. (5) If, under subregulation (1) or (2), the Director is required to allocate quota units to a CLF licence in relation to which any fees are due then, despite the subregulation: (a) the Director must not allocate quota units to the licence until the fees are paid; and made on the date required under subregulation (2) or (3).