Document ID: chunk:federal_register_of_legislation:F2024C01020:reg:4b
Version: federal_register_of_legislation:F2024C01020
Segment Type: reg
Provision Reference: reg 4B
Character Range: 22983–24186

4B  Objective 3—Maximising net economic returns
 4B.1 In managing the SBT Fishery under this Plan, AFMA will pursue the objective of maximising the net economic returns to the Australian community from the management of the SBT Fishery.
 4B.2 The measures by which this objective is to be attained include that, in developing management arrangements for the SBT Fishery, AFMA has regard to the need to pursue the objective of maximising net economic returns to the Australian community in the exploitation of the SBT Fishery resources.
 4B.3 The performance criteria against which the measures taken will be assessed include the following:
 (a) that AFMA has developed and implemented, before 1 October 2008, a framework and criteria for the assessment of management arrangements to determine the extent to which they promote the objective of maximising net economic returns, and has procedures in place for review of achievement of this objective every 2 years after inception;
 (b) that the framework and criteria mentioned in paragraph (a) allow holders of statutory fishing rights for the SBT Fishery to pursue practices consistent with maximising net economic returns to the Australian community.