26Registration of transfers of quota units and unused quota units

26 Registration of transfers of quota units and unused quota units

(1) This section applies if AFMA receives: (a) an application under section 24 to register a permanent transfer of quota units; or (b) an application under section 25 to register a temporary transfer of unused quota units for a fishing season. (2) AFMA must register the permanent transfer or temporary transfer (as the case requires) unless: (a) the quota units are suspended under section 28; or (b) a party to the transfer is being investigated for an offence against the Act or regulations made under the Act; or (c) any fee, levy, charge or other money payable by a party to the transfer, in relation to a licence granted under section 19 of the Act or a quota unit, is due and has not been paid.

Note: Section 3 of the Act includes a definition of offence against this Act.

(3) The transfer is to be registered by entering on the Register the information specified in subsection 23(3).