Establishing schemes
10B Establishing schemes
The Minister may, by notice published in the Gazette, establish a scheme to reduce the size of any fishery or fisheries, by enabling the surrender of authorisations, or parts of entitlements, relating to the fishery or fisheries on the payment of agreed compensation.
A notice under subsection (1) must —
set out the objectives of the scheme, including, if applicable, the objective of enabling the surrender of all the authorisations relating to the fishery or fisheries; and
identify the fishery or fisheries to which the scheme applies; and
determine who is a person entitled to offer the surrender of an authorisation, or part of an entitlement, under the scheme; and
contain information as to the manner of operation of the scheme and the period during which it is to operate.
The Minister may by further notice published in the Gazette vary or revoke a notice.
[Section 10B inserted: No. 54 of 1994 s. 14; amended: No. 38 of 2009 s. 7.]
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