Document ID: chunk:federal_register_of_legislation:F2024C01067:front:0:p12
Version: federal_register_of_legislation:F2024C01067
Segment Type: other
Provision Reference: 
Character Range: 27011–29522

(i) an amount of a quota species that is less than the quota for that species allocated to the SFRs held by the holder in the fishing season; or
 (ii) no fish of a quota species; and
 (b) in the following fishing season, (the second season), the holder holds one or more quota SFRs for that species.
 (2) The holder may, during the second season, take a weight of fish of the quota species mentioned in paragraph (1)(a) that is the sum of:
 (a) the quota allocated to SFRs held by the holder in the second season; and
 (b) an amount equal to the lesser of:
 (i) the difference between the weight of fish of that species taken by the holder in the first season and the quota allocated to the holder's SFRs in that season; and
 (ii) the result of multiplying the holder's quota for that species in the first season by the determined percentage for that species and season.
 (3) For subparagraph (2)(b)(ii), the determined percentage, for a quota species and a fishing season, is a percentage of the quota allocated to the quota SFRs for that species held by a person for that season, specified in a determination made by AFMA for the purpose of this section for that species and season.
Division 4.3 Grant of SFRs and fishing permits
4.7 Conditions of registration as an eligible person
 (1) This section applies if AFMA publishes a notice under section 24 of the Act:
 (a) declaring that AFMA intends to grant SFRs for the fishery; and
 (b) specifying the notice period.
 (2) For paragraph 26(2)(a) of the Act, a person satisfies the conditions for registration if:
 (a) before the end of the notice period, the person applied to AFMA for registration as an eligible person for a grant of 1 or more SFRs for the fishery; and
 (b) immediately before the revocation of the previous Plan, the person held:
 (i) a longline SFR under that Plan; or
 (ii) a minor line SFR under that Plan; or
 (iii) a boat permit under that Plan; or
 (iv) a Coral Sea Zone permit under that Plan; and
 (c) the person has not exercised an option within the meaning of section 31A of the Act arising out of the previous Plan.
 (3) A person who held an eastern skipjack purse seine permit immediately before the revocation of the previous Plan (whether or not the person also held an SFR mentioned in paragraph (2)(b)) satisfies the conditions for registration if the person applied before the end of the notice period to AFMA for registration as an eligible person for a grant of 1 or more SFRs for the fishery.
4.8 Availability of grant