15Allocation of quota units—traditional inhabitant sector and TVH sector

15 Allocation of quota units—traditional inhabitant sector and TVH sector

(1) On the basis that the fishing capacity of the TRL fishery is to be divided into 1,000,000 quota units, the Minister must, on a day that is within the 60 day period beginning on the allocation day, allocate: (a) 562,000 of those quota units to the TSRA, to hold for the benefit of the traditional inhabitant sector; and (b) 438,000 of those quota units to the TVH sector, in accordance with the provisional allocation of quota units made under Subdivision B of Division 3 and the outcome of any review of those allocations.

Note: Under this allocation, 56.2% of the fishing capacity of the TRL fishery is to be allocated to the traditional inhabitant sector and 43.8% to the TVH sector.

(2) The Minister is to allocate a number of quota units to a person under subsection (1) by making an entry on the Register that the person holds that number of quota units. (3) The Minister must notify, in writing, each person to whom quota units have been allocated under subsection (1) of: (a) the fact that the allocation has occurred; and (b) the number of quota units that have been allocated to the person.