Quota units generally
96CF Quota units generally
(1) A quota unit is a unit that, until it is used or expires, entitles the holder of the ONLF licence to which the unit is attached to take 1 kg of the species group to which the quota unit relates from the Off‑shore Net and Line Fishery area in accordance with this Division.
(2) For Grey Mackerel, quota units relate to either the Eastern Grey Mackerel Management Zone or the Western Grey Mackerel Management Zone
(3) A quota unit is used when the holder of the ONLF licence to which the unit is attached uses the entitlement under the quota unit to take 1 kg of the species group to which the quota unit relates from the Off-shore Net and Line Fishery area, or the relevant zone within the area.
(4) A quota unit expires on 30 June of the licensing year in which the unit was allocated.
A quota unit may be transferred under Subdivision 4.
(6) The Joint Authority must, if satisfied the holder of an ONLF licence has used one or more quota units attached to the licence, cancel the number of units attached to the licence that equals the number of units used.
A quota unit is taken to be cancelled if:
it expires; or
the ONLF licence to which it is attached is cancelled.
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