Plain language law

New Zealand law explained for everyone

Fisheries Act 1996

Registration of transfers, mortgages, caveats, etc - Caveats

150: Caveat may be withdrawn

You could also call this:

"You can cancel a caveat that protects your fishing rights."

Illustration for Fisheries Act 1996

You can withdraw a caveat that protects your quota or annual catch entitlement. You or your attorney can do this for all or part of the quota. You need to do this in the approved form. You can withdraw a caveat for a certain period. When this period ends, the caveat will lapse. This means it will no longer be in effect. If you want to know more about how this works, you can look at the relevant laws from 1989. These laws are found in sections like section 96. You can find them on the legislation website.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM397685.

Topics:
Environment and resources > Farming and fishingBusiness > Industry rules
Previous

149: Caveat against transfer of quota or annual catch entitlement, or

"Stop someone transferring their fishing quota or catch limit"

Next

151: Procedure for removal of caveat, or

"How to remove a caveat from your fishing quota"

Part 8Registration of transfers, mortgages, caveats, etc
Caveats

150Caveat may be withdrawn

  1. Any caveat may, either as to the whole or any part of the quota or annual catch entitlement protected by the caveat, be withdrawn by the person whose interests are protected by the caveat or by the person's attorney or agent under a written authority.

  2. Every withdrawal of a caveat shall be in the approved form.

  3. If a caveat has been registered for a stated period, the caveat shall lapse at the close of that period.

Compare