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reg 38

Making applications for compensation

In force
Part 2Commercial fishery licences
Division 2Administration of commercial fishery licences
Subdivision 4Compensation payable under section 63 of the Act

38 Making applications for compensation

An application for compensation submitted to the Secretary must—

(a)

specify in respect of a claim made by—

(i)

the holder of a transferable access licence, the amounts claimed for each item in the formula set out in regulation 34 except items C and E; or

(ii)

the holder of a registered financial interest in a transferable access licence, the entitlement held in respect of item Y in the formula set out in regulation 34; or

(iii)

the holder of a non-transferable access licence, the amount claimed for each item in the formula set out in regulation 35 except items C and E; or

(iv)

the holder of a registered financial interest in a non-transferable access licence, the entitlement held in respect of item Y in the formula set out in regulation 35; and

(b)

be supported by financial documentation to substantiate those items in the relevant formula that must be specified in accordance with paragraph (a).

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