(1) Before 1 April 2016, the Secretary must cancel the licence of any licence holder who—
(a) has elected to surrender their licence under section 153G(1); and
(b) in the case of a licence holder who is the holder of a Western Port/Port Phillip Bay Fishery Access Licence, has not successfully elected to retain their licence under section 153F.
S. 153H(2) amended by No. 68/2016 s. 147(1).
(2) In each of the following elections years until but not including the election year commencing 1 April 2021, the Victorian Fisheries Authority must cancel the licence of any licence holder who has elected to surrender their licence.
S. 153H(3) amended by No. 68/2016 s. 147(1).
(3) On or after 1 April 2021 and before 1 April 2022, the Victorian Fisheries Authority must cancel the licence of any remaining licence holder other than a licence holder who is entitled under section 153F(3) to retain their licence.
S. 153H(4) amended by No. 68/2016 s. 147(2).
(4) For the purposes of this section, the Secretary or the Victorian Fisheries Authority may specify a day on which the cancellation of a licence takes effect, being a day occurring before—
(a) the commencement of the following election year, in the case of the cancellation of a licence under subsection (1) or (2); or
(b) 1 April 2022, in the case of a cancellation under subsection (3).
S. 153I inserted by No. 64/2015 s. 5.