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150F: No compensation
or “The government won't pay you back if you lose money because of these rules.”
You could also call this:

“Coastal permits for sea farming activities issued between 1995 and 2003 are still valid if you applied for a special fishing permit.”

This law is about special permits for using parts of the sea for fish farming. These permits were given out between 1 June 1995 and 1 August 2003.

If you got one of these permits, it starts working when you ask the Ministry of Fisheries for a permit to do fish farming or catch baby fish in the same area. You do this by applying under section 67J or section 67Q of the Fisheries Act 1983.

Sometimes, permits can stop working if you don’t use them for a while. This is called lapsing. But if your permit stopped working before 1 August 2003, it’s treated as if it didn’t stop working. This only happens if you had already asked for a fish farming or baby fish catching permit for the same area before your first permit stopped working.

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Next up: 151AA: Part not to apply to applications to occupy coastal marine area

or “This part of the law doesn't cover asking for permission to use the beach or sea areas.”
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Part 6A Aquaculture moratorium
Certain coastal permits continued

150GCertain coastal permits issued in period from 1 June 1995 to 1 August 2003 continued

  1. This section applies to coastal permits issued—

  2. in the period beginning on 1 June 1995 and ending with the close of 1 August 2003; and
    1. for the occupation of an area in the coastal marine area for the purpose of aquaculture activities, and for any activity related to that occupation.

      1. A coastal permit is given effect to when the holder of the permit applies under section 67J or section 67Q of the Fisheries Act 1983 to the chief executive of the Ministry of Fisheries for a marine farming permit or a spat catching permit over the same area.

      2. A coastal permit that has lapsed under section 125 before 1 August 2003 is deemed not to have lapsed if, before the coastal permit lapsed under section 125, the holder of the coastal permit had applied under section 67J or section 67Q of the Fisheries Act 1983 to the chief executive of the Ministry of Fisheries for a marine farming permit or a spat catching permit over the same area.

      Notes
      • Section 150G: inserted, on , by section 7 of the Resource Management (Aquaculture Moratorium Extension) Amendment Act 2004 (2004 No 5).