Funds of a fishermen association shall include the followings:
(1)Enrolment fees: To be paid by members in lump sum upon affiliation in accordance with the standard adopted by the General Members (Representatives) Meeting and approved by the competent authority.
(2)Annual membership dues: To be paid by members annually in accordance with the standard adopted by the General Members (Representatives) Meeting and approved by the competent authority. 20 percent of the annual membership dues of a subordinate fishermen association shall be contributed to its superior fishermen association.
(3)Business capital: Exclusively for the use of operating businesses, with the rules and regulations for fund-raising and application to be adopted by the General Members (Representatives) Meeting and reported to the competent authority for reference.
(4)Fisheries improvement and promotion fund: Exclusive for the use of fisheries guidance and improvement, to be paid by fishing vessel owners and fish farm owners, by year or by fishing season. For any fishermen association with the exclusive fishing right, it may charge such fund from its members who have the right of exclusive fishing. Standards and rules for charge shall be adopted by the General Members (Representatives) Meeting and approved by the competent authority.
(5)Allocation fund from agricultural financial institution(s): Any government-owned agricultural financial institution shall annually appropriate at least four percent of its net profit, as a fund for guidance and business promotion of fishermen associations at any level.
(6)Allocation fund from the business earnings: Subject to the final income statement of a fishermen association.
(7)Government subsidies: The central and local competent authorities shall draw up budget for the subsidies to the business operations of fishermen associations.
(8)Other revenues.

Accounting of each business of a fishermen association shall be separate independently, and the annual budget and final statement shall be prepared and reported to the General Members (Representatives) Meeting as well as to the competent authority for reference.

Following the annual final statement, earnings of each business, after being deducted to make up accumulated deficits and appropriated to the reserve of each business, shall be appropriated as the overall earnings of a fishermen association. The overall earnings of a fishermen association shall be allocated pursuant to the following provisions:
(1)15 percent as the legal reserve, which shall not be allocated.
(2)Five percent as the public welfare fund, which may only be used with the approval of the competent authority.
(3)The fund for fisheries improvement, promotion, training and culture, and welfare business shall not be less than62 percent.
(4)Eight percent as the fund for joint training and mutual aid.
(5)Remunerations for directors, supervisors, and staff of a fishermen association shall not exceed ten percent.
Regulations governing the custody and application of the legal reserve as referred to in sub-paragraph (1), public welfare fund as referred to in sub-paragraph (2), and the fund as referred to in sub-paragraph (4) of the preceding paragraph shall be prescribed by the central competent authority.
The ratio of the earnings from each business to be appropriated as reserves as referred to in paragraph 1 shall be prescribed by the central competent authority together with the central competent authority of the target business.

(Deleted)