sch.59-sec.7Amount of assistance

### sch.59-sec.7 Amount of assistance The amount of assistance that may be given to an applicant under this part of the scheme is the amount worked out using the following formula— where— A means the amount. L means the lesser of the following— the length of usable net (expressed in metres) surrendered by the applicant; or the length of usable net the applicant intended to surrender and declared in accordance with section 8 (1) (c) or (2) (b) . However, the maximum amount of assistance that may be given to an applicant who is eligible for assistance under section 8 (1) is— for an applicant who, during the relevant period, held or leased a primary commercial fishing licence on which the fishery symbol ‘N1’, but no other eligible symbol, was written—$15,000; or for an applicant who, during the relevant period, held or leased a primary commercial fishing licence on which the fishery symbol ‘N2’, or the fishery symbols ‘N1’ and ‘N2’, but no other eligible symbol, was written—$45,000; or for an applicant who, during the relevant period, held or leased a primary commercial fishing licence on which the fishery symbol ‘N4’, or the fishery symbols ‘N1’ and ‘N4’, but no other eligible symbol, was written—$60,000; or for an applicant who, during the relevant period, held or leased a primary commercial fishing licence on which the fishery symbols ‘N2’ and ‘N4’, or the fishery symbols ‘N1’, ‘N2’ and ‘N4’, were written—$100,000. Fisher A held a primary commercial fishing licence on which the fishery symbol ‘N1’ was written during the relevant period. Fisher A surrenders 1 kilometre of usable net. The amount of assistance Fisher A is eligible for under the scheme is $12,500 (1,000 x 12.5). Fisher B held a primary commercial fishing licence on which the fishery symbols ‘N1’ and ‘N4’ were written during the relevant period. Fisher B surrenders 4.5 kilometres of usable net. The amount of assistance Fisher B is eligible for under the scheme is $56,250 (4,500 x 12.5). Also, the maximum amount of assistance that may be given to an applicant who is eligible for assistance under section 8 (2) is $30,000. (sch.59-sec.7-ssec.1) The amount of assistance that may be given to an applicant under this part of the scheme is the amount worked out using the following formula— where— A means the amount. L means the lesser of the following— the length of usable net (expressed in metres) surrendered by the applicant; or the length of usable net the applicant intended to surrender and declared in accordance with section 8 (1) (c) or (2) (b) . (sch.59-sec.7-ssec.2) However, the maximum amount of assistance that may be given to an applicant who is eligible for assistance under section 8 (1) is— for an applicant who, during the relevant period, held or leased a primary commercial fishing licence on which the fishery symbol ‘N1’, but no other eligible symbol, was written—$15,000; or for an applicant who, during the relevant period, held or leased a primary commercial fishing licence on which the fishery symbol ‘N2’, or the fishery symbols ‘N1’ and ‘N2’, but no other eligible symbol, was written—$45,000; or for an applicant who, during the relevant period, held or leased a primary commercial fishing licence on which the fishery symbol ‘N4’, or the fishery symbols ‘N1’ and ‘N4’, but no other eligible symbol, was written—$60,000; or for an applicant who, during the relevant period, held or leased a primary commercial fishing licence on which the fishery symbols ‘N2’ and ‘N4’, or the fishery symbols ‘N1’, ‘N2’ and ‘N4’, were written—$100,000. Fisher A held a primary commercial fishing licence on which the fishery symbol ‘N1’ was written during the relevant period. Fisher A surrenders 1 kilometre of usable net. The amount of assistance Fisher A is eligible for under the scheme is $12,500 (1,000 x 12.5). Fisher B held a primary commercial fishing licence on which the fishery symbols ‘N1’ and ‘N4’ were written during the relevant period. Fisher B surrenders 4.5 kilometres of usable net. The amount of assistance Fisher B is eligible for under the scheme is $56,250 (4,500 x 12.5). (sch.59-sec.7-ssec.3) Also, the maximum amount of assistance that may be given to an applicant who is eligible for assistance under section 8 (2) is $30,000. - (a) the length of usable net (expressed in metres) surrendered by the applicant; or - (b) the length of usable net the applicant intended to surrender and declared in accordance with section 8 (1) (c) or (2) (b) . - (a) for an applicant who, during the relevant period, held or leased a primary commercial fishing licence on which the fishery symbol ‘N1’, but no other eligible symbol, was written—$15,000; or - (b) for an applicant who, during the relevant period, held or leased a primary commercial fishing licence on which the fishery symbol ‘N2’, or the fishery symbols ‘N1’ and ‘N2’, but no other eligible symbol, was written—$45,000; or - (c) for an applicant who, during the relevant period, held or leased a primary commercial fishing licence on which the fishery symbol ‘N4’, or the fishery symbols ‘N1’ and ‘N4’, but no other eligible symbol, was written—$60,000; or - (d) for an applicant who, during the relevant period, held or leased a primary commercial fishing licence on which the fishery symbols ‘N2’ and ‘N4’, or the fishery symbols ‘N1’, ‘N2’ and ‘N4’, were written—$100,000. - 1 Fisher A held a primary commercial fishing licence on which the fishery symbol ‘N1’ was written during the relevant period. Fisher A surrenders 1 kilometre of usable net. The amount of assistance Fisher A is eligible for under the scheme is $12,500 (1,000 x 12.5). - 2 Fisher B held a primary commercial fishing licence on which the fishery symbols ‘N1’ and ‘N4’ were written during the relevant period. Fisher B surrenders 4.5 kilometres of usable net. The amount of assistance Fisher B is eligible for under the scheme is $56,250 (4,500 x 12.5).