172Credits to the Offshore Infrastructure Registrar Special Account

172 Credits to the Offshore Infrastructure Registrar Special Account

(1) There must be credited to the Offshore Infrastructure Registrar Special Account amounts equal to the following: (a) amounts of fees paid to the Registrar under this Act; (b) amounts of offshore electricity infrastructure levy paid to the Registrar; (c) amounts of late payment penalty under subsection 190(3) paid to the Registrar; (d) amounts required to be credited to the Special Account under subsection 119(3) (financial security); (e) any other amounts paid to the Registrar under this Act.

Note: An Appropriation Act may contain a provision to the effect that, if any of the purposes of a special account is a purpose that is covered by an item in the Appropriation Act (whether or not the item expressly refers to the special account), then amounts may be debited against the appropriation for that item and credited to that special account.

(2) An amount of a financial offer paid in accordance with a provision of the licensing scheme made for the purposes of subsection 32(3) (financial offers for feasibility licence applications) is not to be credited to the Offshore Infrastructure Registrar Special Account.