Document ID: chunk:federal_register_of_legislation:F2025C00075:reg:12
Version: federal_register_of_legislation:F2025C00075
Segment Type: reg
Provision Reference: reg 12
Character Range: 20776–21364

12  Value of quota units
 (1) The value of a quota unit for a fishing season, expressed in kilograms, is worked out according to the following formula:

where:
total allowable catch means the total allowable catch for the fishing season, expressed in kilograms.
total number of quota units means the total number of quota units for the fishing season.
 (2) If the Minister increases the total allowable catch for a fishing season under section 14, the value of a quota unit is to be worked out again using the formula in subsection (1) of this section.

Division 3—Total allowable catch