61Minimum and maximum quota unit holdings

61 Minimum and maximum quota unit holdings

(1)  A fishing licence (rock lobster) is to have at least one, but not more than 200, rock lobster quota units specified on the licence.

(2)  The holder of a fishing licence (rock lobster) must not –

(a) hold more than 200 rock lobster quota units, in aggregate, on all the fishing licences (rock lobster) held by the licence holder during an open season; or

(b) receive any payment, financial advantage or benefit in kind from more than 200 rock lobster quota units during an open season.

Penalty:  Grade 3 penalty.

(3)  Subrule (2) does not apply to a person during an open season if –

(a) the person has approval to use a fishing licence (rock lobster), under section 87(2) of the Act, during the open season; and

(b) the Minister has specifically authorised the person to hold more than 200 rock lobster quota units, in aggregate, during the open season.