New Zealand Gazette – 2017 – No. 100

Page 56

✨ Fisheries Regulations

NEW ZEALAND GAZETTE, No. 100 — 28 SEPTEMBER 2017

ACE Support

Means either:

a. a loan advanced by FLC to a Fisher to assist the Fisher to acquire ACE from a person other than FLC, where that loan is:
i. for the full value of the ACE being acquired by the Fisher in the particular acquisition of ACE to which the loan relates;
ii. interest free for at least nine months from the date the loan is advanced by FLC to the Fisher; and
iii. otherwise 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 a similar loan made by FLC to a Fisher prior to the date the Consent is granted; or

b. a sale of ACE by FLC to a Fisher, where that sale of ACE is conducted on the following terms:
i. the Fisher is not required to pay for the ACE which is the subject of the sale until Lobster caught by the Fisher under that ACE is sold to FLC; and
ii. the unpaid purchase price does not accrue any interest for a period of at least:
A. nine months following the date the ACE is transferred to the Fisher; or
B. the date the ACE is transferred to the Fisher to the date the Fisher pays for the ACE which is the subject of the sale, whichever is the shorter; and
iii. otherwise 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 a similar sale of ACE from FLC to a Fisher prior to the date the Consent is granted.

Areas

Means the following quota management areas:

a. CRA 4 (Wellington/Hawke’s Bay);

b. CRA 7 (Otago); and

c. CRA 8 (Southern).

Consent

Means the consent for FLC to acquire up to 15,000,000 Lobster quota shares in each of quota management areas CRA 4 (Wellington/Hawke’s Bay), CRA 7 (Otago) and CRA 8 (Southern) granted by the Minister for Primary Industries pursuant to section 60(1) of the Fisheries Act 1996.

CRA 4 Quota

Means individual transferrable quota for Lobster in quota management area CRA 4 (Wellington/Hawke’s Bay).

CRA 8 Quota

Means individual transferrable quota for Lobster in quota management area CRA 8 (Southern).

Director-General

Means the Director-General of the Ministry for Primary Industries.

Fisher

Means any person involved in the catching, taking, or harvesting of Lobster, or any Representative of such a person.

FLC

Fiordland Lobster Company Limited and its subsidiaries.

Lobster

Spiny rock lobster.

Quota

Means individual transferrable quota for Lobster.

Relevant Year

Means the period starting on 1 April and running to 31 March in the following year, with the first Relevant Year being the period running from 1 April 2017 to 31 March 2018.

Gazette.govt.nz — NZ Gazette 2017, No 100

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

🌾 Conditions for Fisheries (Quota Aggregation Limit Exemption) Notice 2017 (continued from previous page)

Domain🌾 Primary Industries & Resources
KeywordsFisheries, Quota Aggregation Limit, Exemption, Rock Lobster, CRA 4, CRA 7, CRA 8, Conditions, Statutory Declaration, ACE Support, Reporting, Annual Report

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