50AEndorsement of eligible access licences

50A Endorsement of eligible access licences

(1) The Victorian Fisheries Authority may decide to endorse an eligible access licence for a licensing year.

(2) If the Victorian Fisheries Authority decides to endorse an eligible access licence, the Victorian Fisheries Authority must issue an endorsement notice to the holder of an eligible access licence informing the licence holder of the endorsement of the licence as soon as possible after the endorsement.

(3) The endorsement of an eligible access licence comes into effect on the date specified in the endorsement notice referred to in subregulation (2).

(4) The Victorian Fisheries Authority may cancel an endorsement under this regulation at any time.

(5) If an endorsement under this regulation is cancelled, the Victorian Fisheries Authority must give a written notice to the holder of an endorsed licence.

(6) A cancellation of an endorsed licence comes into effect on the date specified in the written notice referred to in subregulation (5).

(7) An endorsement under this regulation remains in force until whichever of the following occurs first—

(a) the term of the endorsement expires;

(b) the endorsed licence is transferred;

(c) the endorsement is cancelled by the Victorian Fisheries Authority.

Reg. 50B inserted by S.R. No. 161/2021 reg. 7.