✨ Fisheries Quota Exemption Conditions
NEW ZEALAND GAZETTE, No. 100 — 28 SEPTEMBER 2017
| Condition | Nature of Condition | Evidence of Satisfaction |
|---|---|---|
| 1. Quota offer requirement | FLC must, in each Relevant Year: |
a. offer to at least five Fishers in aggregate an amount of CRA 4 Quota that is no less than 10% of the aggregate amount of CRA 4 Quota acquired by FLC during that Relevant Year;
b. offer to at least five Fishers in aggregate an amount of CRA 8 Quota that is no less than 10% of the aggregate amount of CRA 8 Quota acquired by FLC during that Relevant Year;
c. offer in aggregate an amount of Quota that is no less than 10% of the aggregate amount of Quota acquired by FLC in all quota management areas during that Relevant Year,
provided that:
d. the requirement in paragraph (a) shall only apply where FLC has acquired at least 50,000 quota shares in CRA 4 (Wellington/Hawke’s Bay) during that Relevant Year;
e. the requirement in paragraph (b) shall only apply where FLC has acquired at least 50,000 quota shares in CRA 8 (Southern) during that Relevant Year; and
f. any such offer of Quota:
i. must be made at a price per quota share no greater than the price paid by FLC for the quota share that FLC is offering for sale; and
ii. may be on any other terms or conditions determined by FLC (acting reasonably), which, for the avoidance of doubt, may include any terms or conditions which FLC has applied to an offer of Quota by FLC to a Fisher prior to the date the Consent is granted. | This condition shall be deemed to be satisfied for each Relevant Year on receipt by the Director-General of a Statutory Declaration (Quota Offers) which has been completed in accordance with its terms and which shall certify that the quota offer conditions of the Consent have been met, to be received by the Director-General no later than 30 days after the final day of the Relevant Year in question.2. ACE Support | FLC must, in each Relevant Year, provide ACE Support in relation to at least 50% of Total ACE acquired in each Area during the Relevant Year. | This condition shall be deemed to be satisfied for each Relevant Year on receipt by the Director-General of a Statutory Declaration (ACE Support) which has been completed in accordance with its terms and which shall certify that the ACE Support condition of the Consent has been met, to be received by the Director-General no later than 30 days after the final day of the Relevant Year in question.
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NZ Gazette 2017, No 100
✨ LLM interpretation of page content
🌾
Conditions for Fisheries (Quota Aggregation Limit Exemption) Notice 2017
(continued from previous page)
🌾 Primary Industries & ResourcesFisheries, Quota Aggregation Limit, Exemption, Rock Lobster, CRA 4, CRA 7, CRA 8, Conditions, Statutory Declaration, ACE Support