Western Australian Current Acts Western Australian Current Acts (1) Subject to
section 37, a person who is the holder of a resource share in an aquatic
resource at the beginning of a fishing period for the aquatic resource is
entitled to be registered as the holder of the allocated catch for the share
for that fishing period.
(2) A resource share
—
(a) is
transferrable as provided by this Act; and
(b) is
capable of devolution by will or by operation of law.
(3) In accordance with
the Personal Property Securities Act 2009 (Commonwealth) section 10 in
paragraph (b) of the definition of personal property , a resource share is
declared not to be personal property for the purposes of that Act.