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Fisheries Act 1996

Quota management system - Basis for allocation of quota

29B: Allocation to Crown and Te Ohu Kai Moana Trustee Limited

You could also call this:

"How the Government and Te Ohu Kai Moana share fishing quotas"

Illustration for Fisheries Act 1996

When a Minister says a certain fish stock is subject to the quota management system, the chief executive must do two things. They must give 80 000 000 quota shares to the Crown. They must also give 20 000 000 quota shares to Te Ohu Kai Moana Trustee Limited, as stated in section 44. You need to know that this allocation happens according to the rules in section 29A(2). The allocation starts on the first day of the fishing year when the stock becomes a quota management stock.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM395593.

Topics:
Environment and resources > Farming and fishingMāori affairs > Māori land
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29A: Basis for allocation of quota, or

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Part 4Quota management system
Basis for allocation of quota

29BAllocation to Crown and Te Ohu Kai Moana Trustee Limited

  1. After the Minister has declared a stock to be subject to the quota management system (other than a stock specified in section 29A(2)), the chief executive must—

  2. allocate 80 000 000 quota shares to the Crown; and
    1. in accordance with section 44, allocate 20 000 000 quota shares to the Te Ohu Kai Moana Trustee Limited.

      1. The allocation takes effect on the first day of the fishing year in respect of which the stock becomes a quota management stock.

      Notes
      • Section 29B: inserted, on , by section 7 of the Fisheries Amendment Act (No 3) 2004 (2004 No 76).
      • Section 29B heading: amended, on , by section 214 of the Maori Fisheries Act 2004 (2004 No 78).
      • Section 29B(1)(b): amended, on , by section 214 of the Maori Fisheries Act 2004 (2004 No 78).