34“Bubble licence arrangements”—aggregating licences

34 “Bubble licence arrangements”—aggregating licences

34 “Bubble licence arrangements”—aggregating licences

(1) The EPA may, under a scheme, approve of load-based fees payable for 2 or more licences, whether or not held by the same person, being calculated by aggregating the assessable pollutants discharged in the relevant licence fee periods.

(2) The EPA may terminate the scheme at any time—

(a) because of a failure by the licence holders to pay the load-based fees, or

(b) for another reason.

(3) If the EPA terminates the scheme, the load-based fees for the relevant licence fee periods—

(a) must be re-calculated, and

(b) become payable for the periods as if the scheme had not been developed and implemented.

(4) This section is subject to the terms of the scheme.

(5) This section does not limit a scheme that may be developed and implemented under the Act, Part 9.3.

(6) In this section—

scheme means a scheme developed and implemented by the EPA under the Act, Part 9.3.