New South Wales Consolidated Acts

FISHERIES MANAGEMENT ACT 1994 - SECT 52

52 Final issue of shares

(1) After all appeals to the Share Management Fisheries Appeal Panel have been disposed of in connection with a share management fishery, the Minister is to make the final issue of shares to eligible persons with effect from the commencement of the management plan for the fishery.

(2) For that purpose, the Minister may redetermine the provisional issue of shares and cancel shares so issued or issue new shares.

(3) The Minister must, as soon as practicable:

(a) notify each applicant for shares of the final result of the application, and

(b) give to each applicant a statement in writing of the names of the persons who were finally issued with shares and of the number of shares issued to each such person.

(4) The Minister must also, as soon as practicable, publish in the Gazette the names of all the persons who were finally issued with shares and the number of shares issued to each such person.

(5) A person who was the holder of provisional shares in a fishery is not entitled to compensation because of a redetermination of the provisional issue of shares (whether under this section or as a result of any legal proceedings).

(6) Shares are to be in such form as the Minister approves.