Fisheries Management Act 1994 No 38
Historical version for 17 July 2009 to 30 August 2009 (accessed 27 January 2015 at 07:29) Current version

34N   Termination of commercial fishing entitlements following declaration of acquisition

(1)  As soon as practicable after an acquisition declaration, the Minister is to cancel the acquired entitlements.
(2)  For that purpose, the Minister may do any one or more of the following:
(a)  cancel any shares in a share management fishery,
(b)  cancel a commercial fishing licence,
(c)  take any other action available to the Minister.
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