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Fisheries Act 1996

Quota management system - Allocation of quota

44: Te Ohu Kai Moana Trustee Limited entitled to 20% of total new quota

You could also call this:

"Te Ohu Kai Moana gets 20% of new fishing quota"

Illustration for Fisheries Act 1996

You get to learn about the Fisheries Act 1996. The chief executive allocates 20% of new quota to Te Ohu Kai Moana Trustee Limited. This happens when a new stock is added to the quota management system under section 18. You should know that the allocation takes effect at the start of the fishing year. It is made when quota for that stock is allocated under section 29B or section 47. The chief executive gives Te Ohu Kai Moana Trustee Limited 20,000,000 shares for each new 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=DLM395969.

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Part 4Quota management system
Allocation of quota

44Te Ohu Kai Moana Trustee Limited entitled to 20% of total new quota

  1. The chief executive shall allocate to Te Ohu Kai Moana Trustee Limited 20 000 000 shares of the individual transferable quota for each stock declared by notice in the Gazette under section 18 to be subject to the quota management system.

  2. Every allocation under subsection (1) shall be made at the time when quota for that stock is allocated under section 29B or section 47 and shall take effect on the first day of the fishing year in respect of which the stock becomes a quota management stock.

  3. Repealed
Notes
  • Section 44 heading: amended, on , by section 214 of the Maori Fisheries Act 2004 (2004 No 78).
  • Section 44(1): amended, on , by section 214 of the Maori Fisheries Act 2004 (2004 No 78).
  • Section 44(2): amended, on , by section 16(a) of the Fisheries Amendment Act (No 3) 2004 (2004 No 76).
  • Section 44(2): amended, on , by section 16(b) of the Fisheries Amendment Act (No 3) 2004 (2004 No 76).
  • Section 44(3): repealed, on , by section 16(c) of the Fisheries Amendment Act (No 3) 2004 (2004 No 76).