41Manner in which compensation is payable if claim accepted in full

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41 Manner in which compensation is payable if claim accepted in full

If the Secretary accepts in full a claim for compensation made under section 63(3) of the Act, the Secretary must—

(a) give notice in writing of the acceptance of the claim to—

(i) the holder of the cancelled access licence; and

(ii) the holder of any registered financial interest in the cancelled access licence; and

(b) pay the compensation to the claimant by means of a cheque or bank transfer in accordance with the written direction of the claimant.

Section 41 - Fisheries Regulations 2019 - Manner in which compensation is payable if claim accepted in full | Zoe