Document ID: chunk:federal_register_of_legislation:F2025C00075:reg:9
Version: federal_register_of_legislation:F2025C00075
Segment Type: reg
Provision Reference: reg 9
Character Range: 16584–18280

9  Quantity of tropical rock lobster that may be taken by person holding unused quota units
  The number of kilograms of tropical rock lobster that a person may take at a particular time (the calculation time) during a fishing season under subsection 8(1) is worked out according to the following formula:

   where:
amount of processed tropical rock lobster taken, in relation to a person, means the amount of processed tropical rock lobster that the person has taken under the person's TRL fishing licence during the fishing season and before the calculation time, on the basis of subsection 8(1).
amount of unprocessed tropical rock lobster taken, in relation to a person, means the amount of unprocessed tropical rock lobster that the person has taken under the person's TRL fishing licence during the fishing season and before the calculation time, on the basis of subsection 8(1).
conversion factor means the conversion factor mentioned in section 10.
total number of unused quota units, in relation to a person, means the total number of quota units that the person holds at the start of the fishing season:
 (a) less the total number of unused quota units for the fishing season that the person has transferred (whether permanently or temporarily) to another person during the fishing season as at the calculation time (if any); and
 (b) plus the total number of unused quota units for the fishing season that have been transferred (whether permanently or temporarily) to the person from another person during the fishing season as at the calculation time (if any).
value of a quota unit means the value of a quota unit for the fishing season, worked out in accordance with section 12.