(1) This section applies to new space if—
(a) authorisations for the new space have been allocated to the trustee under section 9; and
(b) the new space is subject to a reservation relating to commercial fishing.
(2) The only person who may apply for a coastal permit to occupy the new space for aquaculture activities is the holder of—
(a) an authorisation for new space; and
(b) an aquaculture agreement registered under section 186ZH of the Fisheries Act 1996.