Fisheries Regulations 1992

(2) A pearl oyster fishing unit represents a right, during a licensing year, to do one of the following:

(a) take a number of pearl oysters from the wild that represents a one hundred and twentieth part of the total allowable catch for the licensing year;

(b) under a Pearl Oyster Culture Industry licence, seed in accordance with clause 11(1)(b) and (4) of the Pearl Oyster Culture Industry Management Plan 1998 a number of pearl oysters taken from the wild or from hatchery-produced spat that represents a one hundred and twentieth part of the total allowable catch for the licensing year;

(c) take a number of pearl oysters from the wild, and, under a Pearl Oyster Culture Industry licence, seed in accordance with clause 11(1)(b) and (4) of the Pearl Oyster Culture Industry Management Plan 1998 a number of pearl oysters taken from the wild or from hatchery-produced spat, or both, where the total number of pearl oysters taken or seeded under this regulation is not more than the number that represents a one hundred and twentieth part of the total allowable catch for the licensing year.