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Fisheries Act 1996

Quota management system - Overseas investment in and aggregation of quota

60: Minister may consent to persons holding quota in excess of aggregation limits

You could also call this:

"The Minister can allow people to have more fishing quota than the usual limit."

Illustration for Fisheries Act 1996

The Minister can let someone hold more quota than the limit. You can hold more quota for spiny rock lobster or paua if the Minister agrees. The Minister will consider how this affects the fishing industry and other quota owners when making a decision.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM396347.

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Environment and resources > Farming and fishing
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"Rules to stop anyone owning too much fishing quota"

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

60Minister may consent to persons holding quota in excess of aggregation limits

  1. Notwithstanding section 59, the Minister may from time to time, after consultation with such persons or organisations the Minister considers are representative of those classes of persons having an interest in this section, by notice in the Gazette, consent to any named person holding,—

  2. in the case of spiny rock lobster, up to a specified number of quota shares exceeding 10 000 000 for any one quota management area:
    1. in the case of paua, up to a specified number of quota shares exceeding 20 000 000 for any one quota management area:
      1. in any other case, quota shares for any one species having a combined quota weight equivalent less than or equal to a specified percentage of the combined total allowable commercial catches for all stocks of that species (which percentage is greater than the percentage specified in section 59(1) for the stock concerned).

        1. Any consent under subsection (1) may be given subject to such conditions as the Minister may impose, including any limit on the number of quota shares for any particular stock, and may be given for any specified year or years or generally.

        2. The Minister shall, in considering whether to grant any consent under subsection (1), consider—

        3. the willingness and ability of other members of the New Zealand fishing industry to acquire quota of the relevant species:
          1. the likely effect of the granting or withholding of the consent on—
            1. the development of any new or existing stock or species:
              1. other quota owners or commercial fishers:
                1. the processing and marketing of that stock or species:
                  1. the ability of the applicant to take any other stock or species:
                    1. the efficiency of the New Zealand fishing industry or any person engaged in the New Zealand fishing industry:
                    2. such other matters as the Minister considers relevant.

                      1. The Minister shall not grant any consent under subsection (1) in any case if quota shares have been acquired by any person (within the meaning of section 59(10) and (11)) in excess of the then permitted number of shares before the consent is obtained.

                      Notes
                      • Section 60(4): amended, on , by section 10 of the Fisheries Amendment Act 2001 (2001 No 65).