Fisheries Management Act 1994

A party to a dealing in a share may make an application to the Secretary for the dealing to be registered.

Such an application must be in a form approved by the Secretary and must be accompanied by—

the document that embodies the dealing, and

a document setting out such particulars (if any) as are prescribed by the regulations for the purposes of this paragraph, and

duplicates of the documents referred to in paragraphs (a) and (b), and

such fee (if any) as is prescribed by the regulations.

If such an application is approved by the Secretary, the Secretary must—

register the dealing by entering in the Share Register particulars of the name of the person acquiring the interest and a description of the dealing, and

endorse on the document relating to the dealing and the duplicate of that document the fact of the entry having been made, together with the date and time of the making of the entry.

When those entries in the Share Register have been made—

the duplicate of the document relating to the dealing is to be retained by the Secretary and made available for inspection in accordance with this Division, and

the original document is to be returned to the person who made the application for registration.

The Secretary is not to register a dealing in a share in any share management fishery if the dealing is a prohibited dealing.