New South Wales Consolidated Acts
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FISHERIES MANAGEMENT ACT 1994 - SECT 40U
Method for transferring quota
(1) A transfer of quota authorised by or under this Division must be
effected-- (a) by electronic transfer (that is, by using the
online transfer system), or
(b) by manual transfer (that is, by giving the
Secretary notice in writing of the transfer).
(2) The regulations may
prescribe fees for the use of the online transfer system.
(3) For a manual
transfer, the notice given to the Secretary must be in a form approved by the
Secretary and must be accompanied by the prescribed fee (if any) for manual
transfers of quota.
(4) A transfer of quota does not take effect until the
transfer is confirmed.
(5) An electronic transfer is confirmed if the
online transfer system generates a message to the effect that the transfer is
confirmed.
(6) A manual transfer is confirmed if the Secretary gives notice
in writing to the person lodging the transfer that the transfer has been
approved.
(7) In this section--
"online transfer system" means a facility approved by the Secretary that
enables the transfer of quota by electronic communication.
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