Commonwealth Numbered Regulations - Explanatory Statements

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FISHERIES MANAGEMENT (REFUND) REGULATIONS 1992 NO. 407

EXPLANATORY STATEMENT

STATUTORY RULES 1992 No. 407

Issued by the authority of the Minister of State for Primary Industries and Energy

Fisheries Management Act 1991

Fisheries Management (Refund) Regulations

Subsection 168(2)(b) of the Fisheries Management Act 1991 (the Act) provides in part that the Governor-General may make regulations providing for the remission or refund of levy under the Fishing Levy Act 1991.

The Fishing Levy Regulations provide for the payment of levy in respect of a fishing concession under the Fisheries Management Act 1991 at the rate of $455 per annum. In certain circumstances fishing concession holders may wish to surrender their concession within 12 months of the payment of levy and it is considered that provision should be made to enable the refund of a proportion of the levy paid.

Details of the Regulations are set out below.

Regulation 1 provides for citation of the Regulations as the Fisheries Management (Refund) Regulations.

Regulation 2 provides that the word "Act" means the Fisheries Management Act 1991 for the purposes of the Regulations.

Regulation 3 prescribes the persons who are eligible for refund of an amount of levy and provides a formula for calculating the amount of the refund.


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