Allocation of pearl oyster fishing units
122E Allocation of pearl oyster fishing units
Subject to this Division, the Director must, on the renewal of a
Pearl Oyster Fishery licence, allocate a number of pearl oyster fishing units to the licensee for the licensing year for which the licence is renewed, being comprised of:
the licensee's allocation of pearl oyster fishing units for the previous licensing year; and
the number of pearl oyster fishing units, if any, permanently transferred to him or her under these Regulations in the previous licensing year;
less the number of pearl oyster fishing units permanently transferred by him or her to another person under these Regulations during the previous licensing year.
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