FISH RESOURCES MANAGEMENT ACT 1994 - SECT 130
FISH RESOURCES MANAGEMENT ACT 1994 - SECT 130
130 . Security holder noted in register to be notified of certain events affecting security
If the register
contains a notation made under section 128 that a person has a security
interest in an authorisation or aquaculture lease and —
(a) the
holder of the authorisation or aquaculture lease, or a person acting for or on
behalf of the holder, is convicted of a prescribed offence against this Act;
or
(b)
application is made to the CEO to vary the authorisation or to transfer the
authorisation or the whole or part of an entitlement under the authorisation;
or
(ba) an
aquaculture lease is to be varied or transferred; or
(c) a
fisheries adjustment scheme, as defined in the Fisheries Adjustment Schemes
Act 1987 , is established in respect of authorisations of the class to which
the authorisation belongs; or
(d) the
CEO proposes to cancel or suspend, or not to renew, the authorisation or the
Minister proposes to terminate the aquaculture lease; or
(e) the
holder of the authorisation or aquaculture lease gives notice of the
holder’s intention to surrender the authorisation or terminate the
aquaculture lease, as is relevant to the case,
the Registrar must as
soon as practicable give or cause to be given to the person specified in the
notation written details of that fact.
[Section 130 amended: No. 2 of 2002 s. 15; No. 28
of 2006 s. 236(1); No. 43 of 2011 s. 45.]