Regulations for Fishing Vessels Conducting Southern Bluefin Tuna Fishery Article 16

Southern bluefin tuna quota in the current fishing year shall be allocated to fishing vessels that have obtained southern bluefin tuna permits of the current fishing year.For any southern bluefin tuna fishing vessel which has not obtained a southern bluefin tuna permit of the entire fishing year, the quota shall be granted in accordance with the percentage which the number of month(s) approved accounts for the whole fishing year. Notwithstanding such provision, in the event that the ownership of any southern bluefin tuna fishing vessel transfers and the quota used by the original distant water fisheries operator exceeds the percentage that the number of month(s) approved accounts for the whole fishing year, the unused quota of such vessel in the current fishing year shall be granted to the new distant water fisheries operator.In case of any of the following circumstances, the competent authority shall retrieve the unused quota of the southern bluefin tuna fishing vessel concerned in the current fishing year:Loss of the vessel, or the damage of the vessel that renders the fishing operation impossible for the current fishing year.Revocation or withdrawal of the fishing license imposed by the competent authority.Revocation or withdrawal of the distant water fisheries permit imposed by the competent authority.