Rule 57 of the Principal Rules is rescinded and the following rule is substituted:

57.     Transfer of rock lobster quota units, &c.

(1)  The Minister is not to transfer rock lobster quota units or research quota units to a person who does not hold a fishing licence (rock lobster).

(2)  The Minister is not to transfer rock lobster quota units or research quota units unless the fishing quota unit balance for the fishing licence from which they are transferred is reduced by a weight equivalent to the number of rock lobster quota units or research quota units transferred.

(3)  The Minister is not to transfer on a permanent basis rock lobster quota units that have been partially caught or research quota units unless they are transferred together with the fishing licence (rock lobster) in which they are specified.

(4)  The Minister is not to transfer on a seasonal basis –

(a) rock lobster quota units that have been partially or fully caught; or

(b) research quota units that have been partially or fully caught.

(5)  The Minister is not to transfer a rock lobster quota unit to a person on a permanent basis without also transferring, on both a permanent and seasonal basis, the entitlement to a rock lobster pot to the person.

(6)  The Minister is not to transfer an entitlement to a rock lobster pot to a person on a permanent basis without also transferring, on both a permanent and seasonal basis, a rock lobster quota unit to the person.

(7)  In this rule –

permanent , in relation to transferred rock lobster quota units, means rock lobster quota units that, subject to the Act, continue in force and effect indefinitely;

seasonal , in relation to transferred rock lobster quota units, means rock lobster quota units that have force and effect only for the term, or, if applicable, the remainder of the term, of the licence to which they are transferred.