Marine Living Resources Act, 1998 (Act No. 18 of 1998)

Chapter 3 : Management of Marine Living Resources

Part 5 : Fisheries Transformation Council

32. Powers of Council

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The Council may, subject to restrictions determined by the Minister

(a)lease commercial fishing rights;
(b) determine the price to be paid by lessees of rights;
(c) determine the conditions applicable to leases granted in terms of this section, which conditions shall govern the circumstances under which the lease may be revoked, cancelled, suspended or altered; and
(d) assist in the development and capacity building of persons from historically disadvantaged sectors of society and small and medium size enterprises.