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Fisheries Act 1996

Quota management system - Allocation of quota

42: Quota to be expressed in shares

You could also call this:

"How fishing quotas are divided into shares"

Illustration for Fisheries Act 1996

You have a quota for a type of fish. This quota is shown as shares. These shares are whole numbers. The total shares for each type of fish add up to 100,000,000. You can think of each share as a small part of the total amount of fish that can be caught. One share is equal to a very small part of the total allowable catch. This small part is one hundred-millionth of the total allowable catch. The quota is like a big pie cut into 100,000,000 small pieces, and each piece is a share.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM395967.

Topics:
Environment and resources > Farming and fishing
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43: Rounding of amounts or shares, or

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Part 4Quota management system
Allocation of quota

42Quota to be expressed in shares

  1. Quota for any stock shall be expressed as shares that are whole numbers, and—

  2. the sum of that quota shall be 100 000 000 shares for each stock; and
    1. the value of 1 share is equal to one hundred-millionth of the total allowable commercial catch for the stock.

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