Part 2: Legislative and executive competence: further provision Chapter 11: Harbours Section 32: Welsh harbours: reserved trust ports
Reserved trust ports are defined by this section. A reserved trust port is a harbour, dock, pier or boatslip that, on the date on which section 3 comes into force, is owned or managed by a harbour authority that is a relevant port authority within the meaning of the Ports Act 1991 and that meets the annual turnover requirement set out in section 11 of that Act. The annual turnover requirement has to be met in two of the previous three accounting years for which the harbour authority’s accounts have been submitted as required by section 42 of the Harbours Act 1964 (subsection (3), which applies section 11(1) of the Ports Act with consequential modifications).