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 9 in relation to the space that was subject to the coastal permit.