Fisheries managed under the Fisheries Management Act 1991

(1)

This section applies to fisheries (as defined in the Fisheries Management Act 1991 ):

(a)

that are managed under that Act (whether as a result of arrangements under section 71 or 72 of that Act or not); and

(b)

for which there were not plans of management in force under that Act when this Act commenced.

Two-thirds of fisheries to be covered by agreements in 3 years

(2)

Before the day that is the third anniversary of this Act commencing, the Australian Fisheries Management Authority must make agreements with the Minister under section 146 for assessment of the relevant impacts of actions permitted under the Authority's policies for managing at least ² /3 of the fisheries.

All fisheries to be covered by agreements in 5 years

(3)

Before the day that is the fifth anniversary of this Act commencing, the Australian Fisheries Management Authority must make agreements with the Minister under section 146 for assessment of the relevant impacts of actions permitted under the Authority's policies for managing the fisheries.

Agreement not needed if fishery already subject to agreement

(4)

However, subsection (3) does not require another agreement to be made in relation to a fishery if an agreement relating to the fishery has been made, before the day mentioned in that subsection, by the Authority and the Minister under section 146 because of subsection 148(1) or section 149.