Document ID: chunk:federal_register_of_legislation:F2024C01020:reg:19
Version: federal_register_of_legislation:F2024C01020
Segment Type: reg
Provision Reference: reg 19
Character Range: 55878–56935

19  Provisional live weight value of a statutory fishing right

        19.1 This clause applies to seasons that commence after the commencement of this plan.

        19.2 The provisional live weight value of a statutory fishing right for a season is calculated for the season in accordance with the formula:
       where:

       ProvCatch is the provisional national catch allocation in whole Southern Bluefin Tuna, measured in kilograms, for the season; and

       No. of SFRs is the number of statutory fishing rights:
           (a) granted under subclause 15.1; and
           (b) that have not ceased to have effect, as set out in clause 29;
       immediately before the provisional live weight value is calculated.

        19.3 If AFMA determines a provisional national catch allocation for a season under subclause 17.4, AFMA must determine the provisional live weight value of a statutory fishing right for the season.

        19.4 AFMA must not determine more than 1 provisional live weight value of a statutory fishing right for a season.