Regulation 161 does not apply to a person—
(a) who takes or possesses fish of a species specified in that regulation in a quantity in excess of the catch limit for that species if the person—
(i) is the holder of, or is acting on behalf of the holder of, a commercial fishery licence or a permit authorising the taking or possession of fish of that species; and
(ii) takes or possesses the fish in accordance with the licence or permit, the Act and these Regulations; or
(b) possesses fish received from a person specified in paragraph (a) and the fish is accompanied by a catch disposal record, fish receipt or fish movement record in respect of the fish.