Document ID: chunk:federal_register_of_legislation:F2024C01053:front:0:p18
Version: federal_register_of_legislation:F2024C01053
Segment Type: other
Provision Reference: 
Character Range: 41042–43574

accordance with subsection (2);
 (b) the number of bigeye SFRs calculated in accordance with subsection (3);
 (c) the number of broadbill SFRs calculated in accordance with subsection (4);
 (d) the number of yellowfin SFRs calculated in accordance with subsection (5).
 (2) For paragraph (1) (a), the number of striped marlin SFRs is:

 (3) For paragraph (1) (b), the number of bigeye SFRs is:

where:
CH (or catch history) is:
L:F (or longline – fishery ratio) is:
RPV (or relative permit value) is:
 (a) 0.013164; or
 (b) if the sequence of old longline permits applied only to the old Southern Tuna and Billfish Fishery or only to the old Western Tuna and Billfish Fishery — 0.008101.
SH (or set history) is calculated as follows:
  Step 1.   Determine the 2 years, within the relevant period, during which a longline was set under the sequence of old longline permits the greatest number of times.
  Step 2.   Count, from logbook records held by AFMA, the total number of times a longline was set under the sequence in the 2 years determined in Step 1, giving the best 2 years' sets for the sequence.
  Step 3.   Calculate the total number of best 2 years' sets for all sequences of old longline permits.
  Step 4.   Divide the best 2 years' sets for the sequence of old longline permits by the result of Step 3, giving the set history for the sequence of permits.
 (4) For paragraph (1) (c), the number of broadbill SFRs is:
  where:
CH is:
L:F has the meaning given in subsection (3).
RPV has the meaning given in subsection (3).
SH has the meaning given in subsection (3).
 (5) For paragraph (1) (d), the number of yellowfin SFRs is:
where:
CH is:
L:F has the meaning given in subsection (3).
RPV has the meaning given in subsection (3).
SH has the meaning given in subsection (3).
Note 1   If under subsection 29 (4) of the Act, SFRs are made available to a person, AFMA must notify the person (and each other person who registered under section 26 of the Act) about that fact and give a statement of reasons.
Note 2   Section 30 of the Act provides that, within 30 days of SFRs being available to a person, the person must pay the amount of any charge due and payable under the Statutory Fishing Rights Charge Act 1991. For this Management Plan, there is no charge.
Note 3   The last in a sequence of old minor line permits or old longline permits is held by an eligible person at the end of the notice period: see section 20A.
27 Serious misfortune affecting availability of SFRs
 (1) If:
 (a) an eligible person holds a