sec.66AAnnual fee for pipeline licence holder

sec.66A Annual fee for pipeline licence holder

This section prescribes, for the 2004 Act , section 423 (3) , the annual fee payable by a pipeline licence holder for a financial year. The annual fee is the amount worked out using the following formula, rounded down to the nearest cent— where— A means the annual fee payable by the pipeline licence holder for the financial year. B means the amount, expressed in dollars, of the cost of the State’s funding commitments to combined energy market regulation for the financial year, decided by the MCE. C means the proportion of B, expressed as a percentage, that is attributable to the cost of national energy market regulation for the financial year, decided by the AEMC. D means the number of kilometres of scheme pipeline situated in Queensland at the start of the financial year. E means the number of kilometres of scheme pipeline the subject of the holder’s licence at the start of the financial year. In this section— combined energy market regulation means the functions of the AEMC under the Australian Energy Market Commission Establishment Act 2004 (SA) , section 6 . MCE see the National Gas (Queensland) Law , section 2 . s 66A ins 2022 SL No. 47 s 26 amd 2022 SL No. 84 s 6 sub 2024 SL No. 68 s 4 (sec.66A-ssec.1) This section prescribes, for the 2004 Act , section 423 (3) , the annual fee payable by a pipeline licence holder for a financial year. (sec.66A-ssec.2) The annual fee is the amount worked out using the following formula, rounded down to the nearest cent— where— A means the annual fee payable by the pipeline licence holder for the financial year. B means the amount, expressed in dollars, of the cost of the State’s funding commitments to combined energy market regulation for the financial year, decided by the MCE. C means the proportion of B, expressed as a percentage, that is attributable to the cost of national energy market regulation for the financial year, decided by the AEMC. D means the number of kilometres of scheme pipeline situated in Queensland at the start of the financial year. E means the number of kilometres of scheme pipeline the subject of the holder’s licence at the start of the financial year. (sec.66A-ssec.3) In this section— combined energy market regulation means the functions of the AEMC under the Australian Energy Market Commission Establishment Act 2004 (SA) , section 6 . MCE see the National Gas (Queensland) Law , section 2 .