Allocation of trawl region for T1 effort units
6 Allocation of trawl region for T1 effort units
The chief executive must allocate the trawl region to which T1 effort units held by a person are to be converted under this part.
Used T1 effort units must be allocated to—
for used T1 effort units the subject of a nomination under section 4—the trawl region nominated by the holder; or
for other used T1 effort units—the trawl region in which the effort units were used.
Unused T1 effort units must be allocated—
if the holder of the T1 effort units has, under section 5, nominated the trawl region to which the unused effort units are to be converted—to the trawl region nominated by the holder; or
otherwise, as follows—
36% of the T1 units must be allocated to the southern offshore trawl region A;
21% of the T1 units must be allocated to the southern inshore trawl region;
21% of the T1 units must be allocated to the central trawl region;
22% of the T1 units must be allocated to the northern trawl region.
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