Offshore Electricity Infrastructure Regulations 2022
150BTemporary remittal of levy payable on or after commencement of this section
Start here
Get a plain-English read of 150B
Turn the raw legal text into a practical explanation grounded in Offshore Electricity Infrastructure Regulations 2022.
150B Temporary remittal of levy payable on or after commencement of this section
(1) This section is made for the purposes of subsection 190(2) of the Act. Levy imposed on holders of feasibility licences (2) For a feasibility licence granted on or before 30 June 2027, the total amount of offshore electricity infrastructure levy payable in respect of that licence for the first 2 periods that begin on or after the commencement of this section is remitted.
Note: See section 5 of the Offshore Electricity Infrastructure (Regulatory Levies) Regulations 2022 for the periods for which offshore electricity infrastructure levy must be paid by a person who is the holder of a feasibility licence.
(3) Subsection (2) does not apply if the total amount of offshore electricity infrastructure levy payable in respect of the licence is remitted in accordance with section 150A. Levy imposed on holders of research and demonstration licences (4) For a research and demonstration licence granted on or before 30 June 2027, the total amount of offshore electricity infrastructure levy payable in respect of that licence for the first 2 periods that begin on or after the commencement of this section is remitted.
Note: See section 7 of the Offshore Electricity Infrastructure (Regulatory Levies) Regulations 2022 for the periods for which offshore electricity infrastructure levy must be paid by a person who is the holder of a research and demonstration licence.
Levy imposed on holders of transmission and infrastructure licences (5) For a transmission and infrastructure licence granted on or before 30 June 2027, half of the total amount of offshore electricity infrastructure levy payable in respect of that licence for the first 2 periods that begin on or after the commencement of this section is remitted.
Note: See section 8 of the Offshore Electricity Infrastructure (Regulatory Levies) Regulations 2022 for the periods for which offshore electricity infrastructure levy must be paid by a person who is the holder of a transmission and infrastructure licence.