Maori Commercial Aquaculture Claims Settlement Act 2004

16A When authorisations allocated to trustee lapse

• (1) Section 165T of the Resource Management Act 1991 does not apply to settlement assets.

  (2) However, a settlement asset that is an authorisation does lapse if—

  • (a) a resource consent application for aquaculture activities has been declined in respect of the space that is subject to the authorisation; or

  • (b) a resource consent has been cancelled under section 116A(3) or (7) of the Resource Management Act 1991.

  (3) If an authorisation that is a settlement asset is transferred and (as a result of the transfer) it ceases to be a settlement asset, the authorisation lapses 2 years after the date on which the holder gives a notice of transfer of the authorisation to the regional council under section 165S of the Resource Management Act 1991.

  Section 16A: inserted, on 1 October 2011, by section 7(1) of the Maori Commercial Aquaculture Claims Settlement Amendment Act 2011 (2011 No 69).