Fisheries Levy (Torres Strait Prawn Fishery) Regulation 2016.

This Regulation on the Fisheries Levy for Torres Strait Prawn Fishery establishes the requirements to be met in order to benefit from the Torres Strait Prawn Fishery licensing under section 15A of the TSF Act, at the following conditions: a) granted under subsection 19(2) of the TSF Act; b) authorising the taking, processing or carrying of prawn in the Torres Strait Prawn Fishery; and c) allowing the boat in respect of which the licence was granted to be used for commercial fishing for prawn; and d) is subject to a condition under subsection 22(1) or (2) of the TSF Act that limits the number of fishing days in a year that the boat may be in the reporting area; is prescribed. In addition, it specifies the amount of levy imposed on the grant of a licence prescribed by section 7 to a person is $3,491.64 plus $23.75 for each unit of fishing capacity prescribed by section 6 allocated to the person in respect of the licence. The amount of levy imposed on the renewal of a licence prescribed by section 7 to a person is $3,491.64 plus $23.75 for each unit of fishing capacity prescribed by section 6 to be held by the person in respect of the renewed licence. Units of fishing capacity—allocation. The amount of levy imposed on the allocation of a unit of fishing capacity prescribed by section 6 (other than a unit of fishing capacity referred to in subsection (2) or (3) of this section) is $23.75 for each unit of fishing capacity allocated. Units of fishing capacity—renewal of allocation. The amount of levy imposed on the renewal of the allocation of a unit of fishing capacity prescribed by section 6 (other than a unit of fishing capacity referred to in subsection (2) or (3) of this section) is $23.75 for each unit of fishing capacity the allocation of which is renewed.