Obligation to pay net proceeds of sale of fisheries resources
163 Obligation to pay net proceeds of sale of fisheries resources
This section applies if—
fisheries resources are seized under this Act; and
the fisheries resources—
are sold after becoming property of the State; or
are fish that have been sold under section 160A.
The chief executive must pay the net proceeds of sale to the owner of the fisheries resources at the end of—
6 months; or
if a prosecution for an offence involving the fisheries resources is started within the 6 months—the prosecution for the offence and any appeal from the prosecution.
This section does not require the payment of the net proceeds of sale if a court has—
confirmed the seizure; or
ordered that the net proceeds of sale be forfeited to the State.
This Act’s bill:Explanatory memorandum
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