CTHIn ForceLegislation
Southern Bluefin Tuna Fishery Management Plan 1995
16How many statutory fishing rights must AFMA grant to an eligible person?
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16 How many statutory fishing rights must AFMA grant to an eligible person?
For the purposes of section 31 of the Act, the grant available to an eligible person is the number of statutory fishing rights calculated in accordance with the formula:
Start formula 1000 times UFC end formula
where:
UFC is the number of units of fishing capacity held (other than by way of lease), immediately before the end of 2 February 1995, by the person as a unit holder under the former plan.