Victorian Current Acts

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Transfer of individual quota units

S. 65A(1) amended by No. 68/2016 s. 81(1).

    (1)     A transfer of individual quota units may only be made with the approval of the Victorian Fisheries Authority.

S. 65A(2) amended by Nos 68/2016 s. 81(1), 35/2019 s. 8(3).

    (2)     The holder of an access licence in a quota fishery may apply to the Victorian Fisheries Authority for approval to transfer a fraction of, or one or more, individual quota units to the holder of any other access licence for that fishery.

S. 65A(2A) i nserted by No. 108/2003 s. 35(2).

    (2A)     If the Minister has made an order under section 64AB(1)(d), subsection (2) is to be read as if for "for that fishery" there were substituted "for the relevant sub-zone of that fishery".

S. 65A(3) amended by No. 68/2016 s. 81(1), substituted by No. 40/2019 s. 16.

    (3)     An application for the approval of a transfer must be made in the manner and form required by the Victorian Fisheries Authority.

S. 65A(4) amended by No. 68/2016 s. 81(2).

    (4)     The Victorian Fisheries Authority may grant an application if it is consistent with every quota order and management plan that applies to the quota fishery.

S. 65A(5) amended by No. 68/2016 s. 81(2).

    (5)     The Victorian Fisheries Authority must refuse to grant an application that is inconsistent with any relevant provision of this Act.

S. 65B inserted by No. 108/2003 s. 37.

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