Can buster now legitimately catch 100 tonnes of oysters

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Reference no: EM133610124

Question:

Buster Crabbe is an oyster fisherman in New South Wales. The stocks of oysters are limited and under the NSW State legislation, there is a quota system that limits each person a catch 50 tonnes of oysters each calendar year. Oysters caught can only be sold to the Scallop Marketing Authority and if you catch more than the quota there is a fine of $100,000.

Buster on advice decides to incorporate a company called Buster Pty Ltd. Can Buster now legitimately catch 100 tonnes of oysters?

Advise Buster if he is correct?

Reference no: EM133610124

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