Fishing allocation:
NZUs for fishing quota owners

APPLICATIONS CLOSED ON 30 JULY 2010.

When will I find out if my application was successful?

The dates below apply to most applicants.

IMPORTANT NOTE: In some situations different timeframes will apply.

Mid August 2010: Applicants informed of initial allocation decision (preliminary determination).

3rd September 2010: Deadline for applicants to supply further information if they think their preliminary determination was incorrect.

Mid-late September 2010: Applicants informed of final allocation decision (final determination) and New Zealand Units (NZUs) transferred to Emission Unit Register (EUR) accounts if appropriate.

About NZUs for fishing quota owners

An amount of 700,000 NZUs were set aside for fishing quota owners. They are compensation for any fall in value of fishing quota resulting from an increase in the cost of fuel under the Emissions Trading Scheme (ETS).

Eligible fishing quota owners were able to apply for an allocation of NZUs, which they can trade.

Who was eligible?

Fishing quota owners may have been eligible to get NZUs if they:

  • were listed on the fishing quota register on 24 September 2009 as the owner of quota, or
  • are the successor of a person or organisation listed on the fishing quota register on 24 September 2009 as the owner of quota. If this is the case, they need to explain and provide evidence of this relationship.

Last updated: 23 August 2010