Document ID: chunk:federal_register_of_legislation:F2013L01394:front:0:p13
Version: federal_register_of_legislation:F2013L01394
Segment Type: other
Provision Reference: 
Character Range: 33359–36036

(2) If the PZJA has determined a TAE for the fishery, the value of a unit of fishing capacity for the period for which the TAE applies will be expressed in terms of whole fishing days, using the following formula:

     unit value = TAE divided by the sum of all units.

3.10 Transfer of Units of Fishing Capacity
     (1) A person or a group holding units of fishing capacity may transfer the units permanently to any other traditional inhabitant or group.
    (2) A person or a group holding unused units of fishing capacity may temporarily transfer units to a person who is not a traditional inhabitant if:
         (a) the person holds a sunset licence; and
         (b) the temporary transfer is for a period that is not longer than the term of the sunset licence.
    (3) The transferor and transferee must give the PZJA written notice of the transfer.
    (4) The PZJA must register the transfer of units unless:
         (a) the transferor or transferee:
             (i) is being investigated for a fisheries offence; or
             (ii) has been convicted of a fisheries offence; or
         (b) any levy due and payable by the transferor or transferee has not been paid; or
         (c) a circumstance set out in a condition of the relevant licence exists.
     (5) The PZJA will issue a new certificate of allocation of the units to the transferee.
    (6) A transfer is of no effect until it is registered.

Part 4  Licences

4.1 Grant of licences and endorsements

     (1) As set out in section 19 of the Act, licences may be granted for commercial fishing from a boat in the fishery and for taking, carrying, or for carrying and processing, product in the fishery.
     (2) As set out in section 20 of the Act, endorsements may be granted for PNG boats.

4.2 TSFF licences
    (1) A TSFF boat licence granted under section 19(2) of the Act allows the boat nominated to the licence to be used for commercial fishing for finfish in the fishery in accordance with this Plan.
    (2) A TSFF TPC licence issued under section 19(3) of the Act allows the boat nominated to the licence to be used for carrying, or processing and carrying, finfish that have been taken with another boat in accordance with this Plan.
    (3) A TSFF licence remains in force for the period specified in the licence.
    (4) A TSFF licence may only be granted to:
         (a) a traditional inhabitant; or
         (b) a group that represents traditional inhabitants.

4.3 Sunset licences
    (1) A sunset licence may only be granted to a group.
    (2) A sunset licence is granted for the purpose of the group temporarily transferring the licence to a group or to an individual