(1) AFMA must register each fishing right that it, or a Joint Authority managing a fishery that is (or part of which is) managed in accordance with the law of the Commonwealth, grants by entering in the Register the following particulars:
(a) the name of the person to whom the fishing right is granted;
(b) a description of the fishing right;
(c) the period (if any) for which the fishing right is granted;
(d) the managed fishery in relation to which the fishing right is granted;
(e) the conditions of the fishing right;
(f) such other particulars (if any) as are prescribed.
(2) Where a Joint Authority grants a fishing right, it must give to AFMA such information in relation to the grant as will enable AFMA to comply with subsection (1).