New Zealand Legislation: Acts

17 Expiry, lapsing, or cancellation of coastal permit to occupy space for aquaculture activities

• (1) This section applies if—

  • (a) the trustee, iwi aquaculture organisation, or a company under the Companies Act 1993 wholly owned by 1 or more iwi aquaculture organisations in the region holds a coastal permit for space that is a settlement asset; and

  • (b) the coastal permit expires, lapses, or is cancelled.

  (2) The holder of the coastal permit is to be treated as if the holder holds an authorisation allocated under section 44 of the Aquaculture Reform (Repeals and Transitional Provisions) Act 2004 in relation to the space that was subject to the coastal permit.

  Section 17(2): amended, on 1 October 2011, by section 8 of the Maori Commercial Aquaculture Claims Settlement Amendment Act 2011 (2011 No 69).