Fisheries Management Act 1994

There is to be paid into the Commercial Fishing Trust Fund—

all fees paid for commercial fishing licences, fishing boat licences and the registration of fishing gear used by commercial fishers, and

all fees and charges paid under Parts 3 and 4 and the regulations made under those Parts (other than community contributions by shareholders under section 77), and

the proceeds of the sale of tags, or other identification, to be used on fish taken by commercial fishers, and

fees for services provided by the Department to commercial fishers, and

any gift or bequest of money for the purposes of that Fund, and

any other money appropriated by Parliament for the purposes of that Fund or required by law to be paid into that Fund.

There may be paid out of that Fund—

the costs of taking measures to enhance, maintain or protect the effective management of commercial fishing, and

the costs of carrying out research into commercial fishing, and

the costs of management and administration of commercial fishing, and

the costs of ensuring compliance with commercial fishing regulatory controls, and

the costs of consultative arrangements with commercial fishers.

The Minister is to consult any relevant advisory council about policies and priorities for expenditure from that Fund.