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Fisheries Act 1996

Quota management system - Overseas investment in and aggregation of quota

57: Overview of overseas investment fishing provisions

You could also call this:

"Rules for overseas investors in New Zealand fishing"

Illustration for Fisheries Act 1996

You can find information about overseas investments in fishing quota in several sections. Their interpretation is covered by section 57A of this Act and Part 1 of the Overseas Investment Act 2005. When consent is required, the criteria are stated in sections 57B to 57I. You can find the procedure for obtaining consent in subpart 2 of Part 2 of the Overseas Investment Act 2005. The person who administers those provisions is set out in section 57J of this Act. The regulator's information-gathering powers are set out in subpart 4 of Part 2 of the Overseas Investment Act 2005. Enforcement matters are set out in subpart 5 of Part 2 of the Overseas Investment Act 2005 and sections 57K to 58B of this Act. Regulations may be made under subpart 6 of Part 2 of the Overseas Investment Act 2005. This section is a guide only to the general scheme and effect of those provisions.

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56: Purpose of overseas investment fishing provisions, or

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57A: Interpretation of overseas investment fishing provisions, or

"What some words mean in rules about overseas investment in fishing"

Part 4Quota management system
Overseas investment in and aggregation of quota

57Overview of overseas investment fishing provisions

  1. The general scheme and effect of the provisions governing overseas investments in fishing quota are as follows:

  2. their interpretation is covered by section 57A of this Act and Part 1 of the Overseas Investment Act 2005:
    1. when consent is required and the criteria for consent are stated in sections 57B to 57I:
      1. the procedure for obtaining consent and imposing conditions of consent is set out in subpart 2 of Part 2 of the Overseas Investment Act 2005:
        1. who administers those provisions is set out in section 57J of this Act and the role of the main regulator is set out in subpart 3 of Part 2 of the Overseas Investment Act 2005:
          1. the regulator's information-gathering powers are set out in subpart 4 of Part 2 of the Overseas Investment Act 2005:
            1. enforcement matters, including offences, penalties, and the court's powers to make orders for effective enforcement, are set out in subpart 5 of Part 2 of the Overseas Investment Act 2005 and additional forfeiture and other remedies are set out in sections 57K to 58B of this Act:
              1. regulations may be made under subpart 6 of Part 2 of the Overseas Investment Act 2005.

                1. This section is a guide only to the general scheme and effect of those provisions.

                Notes
                • Section 57: substituted, on , by section 73 of the Overseas Investment Act 2005 (2005 No 82).
                • Section 57(1)(e): amended, on , by section 50(2) of the Overseas Investment Amendment Act 2018 (2018 No 25).