Section 35(1) of the principal Act is amended by inserting, after paragraph (f), the following paragraph:
- “(fa) providing for the dissolution of the Board and for all matters related to the dissolution, including vesting of the assets and liabilities of the Board:”.

4 Assets and liabilities of Board

(1) The assets and liabilities of the Board vest in the Crown on 1 October 2002 unless—
- (a) the Board recommends to the Minister alternative arrangements for the vesting of the assets and liabilities; and
- (b) the Minister notifies the Board in writing that he or she considers that the arrangements are satisfactory.
(2) The Board must provide any recommendations for alternative arrangements to the Minister by 1 July 2002.

5 Repeal of principal Act, revocations, and amendments to other enactments

(1) The principal Act is repealed.

(2) Section 315 of the Fisheries Act 1996 is repealed.

(3) The Acts listed in Part 1 of the Schedule are amended in the manner set out in that schedule.

(4) The Fish Levy Regulations 1976 are revoked.

(5) The Fish Export Licensing Regulations 1982 are revoked.

(6) The regulations listed in Part 2 of the Schedule are amended in the manner set out in that schedule.

(7) This subsection and subsection (2) come into force on the day after the date on which this Act receives the Royal assent, and the rest of this section and the Schedule come into force on 1 October 2002.

s 5

Part 1
Acts amended

Income Tax Act 1994 (1994 No 164)

Omit from Schedule 15 the item relating to the New Zealand Fishing Industry Board.

Local Authorities (Members’ Interests) Act 1968 (1968 No 147)

Omit from Part 2 of Schedule 1 the item relating to the Fishing Industry Board.

Marine Farming Act 1971 (1971 No 29)

Omit from section 50(1) the words “the Fishing Industry Board Act 1963,”.

Official Information Act 1982 (1982 No 156)

Omit from Schedule 1 the item relating to the New Zealand Fishing Industry Board.

Public Bodies Contracts Act 1959 (1959 No 98)

Omit from Part 2 of Schedule 1 the item relating to the Fishing Industry Board.

Reserves Act 1977 (1977 No 66)

Omit from section 57(5) the words “the Fishing Industry Board” and substitute the words “an organisation considered by the Minister of Fisheries to be representative of the classes of persons having an interest in the giving of the notice”.

Omit from section 59(5) the words “Fishing Industry Board”, and substitute the words “an organisation considered by the Minister of Fisheries to be representative of the classes of persons having an interest in the giving of the notice”

Part 2
Regulations amended

Fish Export Processing Regulations 1995 (SR 1995/54)

Revoke the definition of Fishing Industry Inspection and Certification Council in regulation 2(1).

Omit from regulation 19(2) the words “the Fishing Industry Inspection and Certification Council and such other”.

Fisheries (Satellite Vessel Monitoring) Regulations 1993 (SR 1993/354)

Omit from regulation 3(1)(d) the words “the New Zealand Fishing Industry Board” and substitute the words “an organisation considered by the chief executive to be representative of the classes of persons having an interest in New Zealand fishing vessels or foreign chartered fishing vessels”.

Omit from regulation 4(1) the words “the New Zealand Fishing Industry Board” and substitute the words “an organisation considered by the chief executive to be representative of the classes of persons having an interest in New Zealand fishing vessels or foreign chartered fishing vessels”.

Freshwater Fish Farming Regulations 1983 (SR 1983/278)

Omit from regulation 8(7)(b) the words “the Fishing Industry Board” and substitute the words “an organisation considered by the chief executive to be representative of the classes of persons having an interest in a commercial fishery that may be affected by the issuing of further licences”.

This Act is administered by the Ministry of Fisheries

Fishing Industry Board Repeal Act 2001