New South Wales Consolidated Acts

FISHERIES MANAGEMENT ACT 1994 - SECT 45E

45E General provisions relating to conversion

(1) If a category 2 share management fishery is converted to a category 1 share management fishery:

(a) the fishery is taken, subject to the regulations, to continue to be a category 2 share management fishery for the purposes of this Part until the commencement of the management plan for the category 1 share management fishery, and

(b) the management plan for the category 2 share management fishery continues in force until that commencement (subject to any amendment of that plan in accordance with this Part), and

(c) any entitlement to compensation under section 44 for the omission of the fishery from Schedule 1 before that commencement is to be determined on the basis that the fishery remains a category 2 share management fishery.

(2) When the management plan for the category 1 share management fishery commences, all shares in the category 2 share management fishery are cancelled.

(3) The regulations may make provision for or with respect to the conversion of a category 2 share management fishery to a category 1 share management fishery, including by modifying the application of this Part to the implementation of the category 1 share management fishery.