41
In forceManner in which compensation is payable if claim accepted in full
Part 2Commercial fishery licences
Division 2Administration of commercial fishery licences
Subdivision 4Compensation payable under section 63 of the Act
41 Manner in which compensation is payable if claim accepted in full
If the Secretary accepts in full a claim for compensation made under section 63(3) of the Act, the Secretary must—
(a)
give notice in writing of the acceptance of the claim to—
(i)
the holder of the cancelled access licence; and
(ii)
the holder of any registered financial interest in the cancelled access licence; and
(b)
pay the compensation to the claimant by means of a cheque or bank transfer in accordance with the written direction of the claimant.
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