FISHERIES ACT 1995 - SECT 66L Minister may determine that quota units be publicly sold
FISHERIES ACT 1995 - SECT 66L
Minister may determine that quota units be publicly sold(1) This section applies if it is proposed—
(a) to create new individual abalone quota units in addition to the individual abalone quota units that were allocated under an initial quota order in excess of any threshold quota limit specified in a management plan; or
(b) to allocate individual abalone quota units that arise in excess of any threshold quota limit specified in a management plan; or
(c) to allocate any individual abalone quota units that have been forfeited, or that have otherwise become available.
(2) The Minister may determine that the individual abalone 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.
S. 66M inserted by No. 58/2005 s. 7.