(2) Subject to sections 44and 48D, the person is entitled to be
paid compensation by the State for the value of the loss or reduction.
(3)
However, the compensation is only payable if, under subdivision 2 , a claim
for the compensation has been made and the chief executive has decided to
grant the claim.
(4) This section does not prevent a regulation, fisheries
declaration or quota declaration providing for payment of compensation for the
making, amendment or repeal of an urgent declaration.
(5) In this section—
"amend" , in relation to a regulation, fisheries declaration or quota
declaration, includes—