6   “Participant” in fishery—meaning

For the purpose of these arrangements, a participant is:

(a)  a person who holds shares in a share management fishery, or

(b)  in the case of a share management fishery in which shares have not yet been issued on a provisional or permanent basis—the person who owns a fishing business that entitles the person to be given an endorsement on his or her commercial fishing licence, or to nominate a person to be given such an endorsement, that authorises the holder to take fish for sale in the restricted fishery of the same description as the share management fishery.

(c)  in the case of a designated commercial fishing activity other than a share management fishery, the person who owns a fishing business that entitles the person to be given an endorsement on his or her commercial fishing licence, or to nominate a person to be given such an endorsement, that authorises the holder of the fishing licence to take fish for sale.