Fisheries Regulations 1992

(1) Immediately after the commencement, the Director must allocate fishery units to each eligible CLF licence in accordance with this regulation.

(2) Fishery units for black jewfish are allocated to an eligible CLF licence in accordance with the following formula:

A = 145 000 x (ABC ÷ AC)

where:

A is the number of fishery units for black jewfish to be allocated to the eligible CLF licence.

ABC is the average best CLF catch for the eligible CLF licence.

AC is the aggregated CLF catch.

(3) Fishery units for golden snapper are allocated to an eligible CLF licence in accordance with the following formula:

A = 4 500 ÷ EL

where:

A is the number of fishery units for golden snapper to be allocated to the eligible CLF licence.

EL is the number of eligible CLF licences.

aggregated CLF catch means the total of the average annual CLF catches for all eligible CLF licences.

annual amount, in relation to the taking of fish, means the amount of fish taken in a calendar year.

average annual CLF catch, for an eligible CFL licence, means the average annual amount of fish recorded by the Director as taken in the Coastal Line Fishery under the relevant licence in the period from 1 January 2006 to 31 December 2010.

average best CLF catch, for a CLF licence, means the average of the 3 largest annual amounts of fish recorded by the Director as taken in the Coastal Line Fishery under the relevant licence in the period from 1 January 2006 to 31 December 2010.

eligible CLF licence means a CLF licence for which the average best CLF catch is at least 9 000 kg.

relevant licence, in relation to a CLF licence, means the restricted CLF licence or unrestricted CLF licence that became the CLF licence under regulation 229.