Fisheries Regulations 1992

As soon as practicable after an application for the transfer of fishery units or quota units has been approved, the Joint Authority must enter in the register the details of the transfer including the date on which the transfer takes effect.

As soon as practicable after a transfer of fishery units or quota units takes effect or is taken to have occurred under regulation 106, the Joint Authority must amend the register to record that the number of units transferred:

are no longer attached to the DF licence from which they were transferred or, if transferred by the Territory, are no longer held by the Territory; and

are attached to the transferee's DF licence or, if transferred to the Territory, are held by the Territory.