New South Wales Consolidated Acts
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FISHERIES MANAGEMENT ACT 1994 - SECT 49
Who may hold shares
49 Who may hold shares
(1) The persons eligible to hold shares are not limited to the holders of
commercial fishing licences or natural persons.
(2) However, the regulations
may prohibit a class of persons from holding shares. For example, the
regulations may prohibit persons from holding shares if they have a record of
offences against this Act or if they are individuals not resident in Australia
or they are companies in which any such individuals have a controlling
interest.
(3) Two or more persons may jointly hold the same share.
(4) This
section does not affect any disqualification from holding shares under this
Act.
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