New Zealand Acts

MAORI FISHERIES ACT 2004 - SECT 158

158 General restriction on transfer of settlement quota

1 Settlement quota must not be transferred except—

a) on application under subsection (2), with the authorisation of Te Ohu Kai Moana Trustee Limited (which must not be withheld if it is satisfied that the requirements of this Part for the transfer have been met by the registered owner of the settlement quota); or

b) as ordered by the Court; or

c) through forfeiture to the Crown under the Fisheries Act 1996 .

2 An application to transfer settlement quota must be submitted to the chief executive of the Ministry of Fisheries by the registered owner and Te Ohu Kai Moana Trustee Limited jointly in the prescribed form.