FISHERIES ACT 1995 - SECT 65B Minister may determine that quota units be publicly sold
FISHERIES ACT 1995 - SECT 65B
Minister may determine that quota units be publicly sold(1) This section applies if it is proposed—
(a) to create and allocate new quota units in addition to the quota units that were created and allocated under an initial quota order; or
(b) to allocate quota units that arise in excess of any threshold quota limit specified in a management plan; or
(c) to allocate any quota units that have been forfeited, or that have otherwise become available.
(2) The Minister may determine that the quota units are to be publicly sold.
(3) In making a determination, the Minister must specify the method by which the sale is to take place.
(4) Without limiting subsection (3), a sale may occur by auction, tender or ballot.
(5) Nothing in this section is intended to enable the sale of a quota unit to a person who is not the holder of a licence in the relevant fishery.
S. 66 substituted by No. 5/1997
s. 9.