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Rural and Regional Adjustment Regulation 2011
sch.59-sec.7Amount of assistance
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### 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).