New South Wales Repealed Regulations New South Wales Repealed RegulationsThis legislation has been repealed.
For the purposes of section 54 (3) of the Act, the following acquisitions are declared to be authorised acquisitions:
(d) an acquisition by a person of shares and catch history (as referred to in section 51 of the Act) in the abalone share management fishery in accordance with clause 132,
(e) an acquisition by a person of shares in the lobster share management fishery, in accordance with clause 132 or 132A, if the acquisition results in the shareholder holding not less than 55 of the shares provisionally issued in the fishery.
Note: Section 54 (3) of the Act provides that a holder of shares in a limited access fishery is not entitled to have his or her licence endorsed to take fish in the limited access fishery (or to nominate another person to do so) if all the shares held by the person were acquired by dealings after the initial issue of shares in the fishery. This will not apply to acquisitions authorised by this clause.