(3) The holder of a licence or permit or the personal S. 149(3) representative of a deceased holder of a licence or amended by No. 5/1997 permit or a registered financial interest in a s. 40(2). licence may surrender the licence or permit in accordance with the regulations. 150 Royalties (1) A royalty may be imposed under this Act in respect of any licence or permit issued under this Act. S. 150(1A) (1A) A royalty may be imposed under this Act in inserted by respect of an individual abalone quota unit issued No. 58/2005 under this Act. s. 9(1). (2) The regulations may prescribe a royalty— (a) at a different rate in respect of specified classes of licences or permits; (aa) at a different rate in respect of specified S. 150(2)(aa) inserted by classes of individual abalone quota units or No. 58/2005 in respect of specified classes of individual s. 9(2). abalone quota units in relation to specified zones; (b) at a rate fixed by reference to— S. 150(2)(b) amended by No. 5/1997 (i) the value; or s. 41(1). (ii) the price; or (iii) the numbers; or (iv) the weight; or (v) the volume; or (vi) the quota; or S. 150 (via) the levies payable in respect of a class (2)(b)(via) of licence, permit or individual abalone inserted by No. 64/2013 quota unit; or s. 6. (vii) any other prescribed factor; or
S. 149(3) amended by No. 5/1997 s. 40(2). (3) The holder of a licence or permit or the personal representative of a deceased holder of a licence or permit or a registered financial interest in a licence may surrender the licence or permit in accordance with the regulations. 150 Royalties (1) A royalty may be imposed under this Act in respect of any licence or permit issued under this Act. S. 150(1A) inserted by No. 58/2005 s. 9(1). (1A) A royalty may be imposed under this Act in respect of an individual abalone quota unit issued under this Act. (2) The regulations may prescribe a royalty— (a) at a different rate in respect of specified classes of licences or permits; S. 150(2)(aa) inserted by No. 58/2005 s. 9(2). (aa) at a different rate in respect of specified classes of individual abalone quota units or in respect of specified classes of individual abalone quota units in relation to specified zones; S. 150(2)(b) amended by No. 5/1997 s. 41(1). (b) at a rate fixed by reference to— (i) the value; or (ii) the price; or (iii) the numbers; or (iv) the weight; or (v) the volume; or (vi) the quota; or S. 150 (2)(b)(via) inserted by No. 64/2013 s. 6. (via) the levies payable in respect of a class of licence, permit or individual abalone quota unit; or (vii) any other prescribed factor; or
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