Fisheries Management (Abalone Share Management Plan) Regulation 2000

For the purposes of section 77 of the Act, a community contribution is payable by each shareholder for each fishing period.

The community contribution is payable by a shareholder 2 months after the end of the fishing period, or on such later date as may be determined by the Minister and notified in writing to the shareholder.

The community contribution is calculated as follows—

For the purposes of subclause (3), the relevant percentage (RP) is calculated as follows—

if the adjusted beach price for the fishing period is less than $43, the relevant percentage is zero (and no community contribution is payable),

if the adjusted beach price for the fishing period is not less than $43 but is less than $53, the relevant percentage is 0.5% plus another 0.5% for each $1 by which the adjusted beach price exceeds $43,

if the adjusted beach price for the fishing period is not less than $53 but is less than $62, the relevant percentage is 6% plus another 1% for each $1 by which the adjusted beach price exceeds $53,

if the adjusted beach price for the fishing period is not less than $62, the relevant percentage is 15%.

The Secretary is to calculate the community contribution for each shareholder at the end of the fishing period and advise shareholders of the amount that they are liable to pay.

Interest is payable on late payments of the community contribution at the rate payable from time to time in respect of judgments of the Supreme Court.

The community contribution may, with the approval of the Minister, be paid by instalments on such terms as the Minister approves.

If an instalment is not paid by the due date, the balance then becomes due and payable (together with the interest payable for late payment).

In this clause—

in the case of the fishing period ending on 30 June 2005—the average beach price for abalone during the fishing period, and

in the case of a fishing period ending on or after 30 June 2006—the adjusted beach price for the fishing period, determined in accordance with this Part.