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In forceVictorian Fisheries Authority may allocate forfeited individual quota units in respect of fishery by tender
Part 2Commercial fishery licences
Division 2Administration of commercial fishery licences
Subdivision 5Miscellaneous duties and powers of Victorian Fisheries Authority
46 Victorian Fisheries Authority may allocate forfeited individual quota units in respect of fishery by tender
(1)
This regulation applies to the allocation of an individual quota unit in respect of a fishery that is forfeited under section 66 of the Act.
(2)
If the Victorian Fisheries Authority determines that an individual quota unit should be allocated to the holder of an access licence, the Victorian Fisheries Authority may invite each holder of an access licence authorised to take fish in the same specified zone of the fishery in respect of which the quota unit had been allocated to purchase the quota unit by tender in the manner set out in the invitation.
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