Claims of interests in statutory fishing rights options
31G Claims of interests in statutory fishing rights options
If a person lodges with AFMA a notice, in the form approved by AFMA:
stating that a dealing of a kind referred to in subsection 31F(1) that is described in the statement has taken place; and
claiming that, if the dealing were registered, the person would have an interest in a statutory fishing rights option; and
setting out particulars of the interest; and
requesting AFMA to register the claim;
AFMA must register the claim by entering in the register the person’s name and particulars of the interest claimed.
If, after the registration of a claim to an interest in a statutory fishing rights option, the claimant, by notice lodged with AFMA in the form approved by AFMA, withdraws the claim, AFMA must cancel the registration by omitting from the register the entry relating to the claim.
If:
a claim to an interest in a statutory fishing rights option is registered; and
an application is made to AFMA for registration of a dealing in respect of the option;
AFMA must not register the dealing unless:
AFMA has given written notice of the application to the person whose name appears in the register in relation to the claim; and
either:
the person has withdrawn the claim under subsection (2); or
21 days have elapsed since the notice was given to the person.
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