Allocation of quota units to ONLF licences
237 Allocation of quota units to ONLF licences
Immediately after the allocation of fishery units under regulation 236, the Joint Authority must allocate to each ONLF licence granted under regulation 235 the number of quota units for each species group calculated in accordance with the following formula:
A = (L ÷ T x TAC) x 0.583
where:
A is the number of quota units for the relevant species group to be allocated to the ONLF licence.
L is the number of fishery units for the relevant species group attached to the ONLF licence on the date of the allocation before any transfers of fishery units to or from the licence take effect.
T is the total number of fishery units for the relevant species group as mentioned in regulation 96CD.
TAC is the total allowable catch for the relevant species group.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.