19Provisional live weight value of a statutory fishing right

19 Provisional live weight value of a statutory fishing right

19.1 This clause applies to seasons that commence after the commencement of this plan.

19.2 The provisional live weight value of a statutory fishing right for a season is calculated for the season in accordance with the formula:

Start formula start fraction ProvCatch over No. of SFRs end fraction end formula

where:

ProvCatch is the provisional national catch allocation in whole Southern Bluefin Tuna, measured in kilograms, for the season; and

No. of SFRs is the number of statutory fishing rights:

(a) granted under subclause 15.1; and

(b) that have not ceased to have effect, as set out in clause 29;

immediately before the provisional live weight value is calculated.

19.3 If AFMA determines a provisional national catch allocation for a season under subclause 17.4, AFMA must determine the provisional live weight value of a statutory fishing right for the season.

19.4 AFMA must not determine more than 1 provisional live weight value of a statutory fishing right for a season.