50Effect

#### 50 Effect 50 Effect > > (1) A load reduction agreement has the effect that the agreed load under the agreement may be treated, subject to this Division, as the assessable load of the pollutant to which the agreement applies for the purposes of calculating load-based fees for each of the licence fee periods covered by the agreement. > > > (2) A load reduction agreement has no effect unless the licence holder’s licence is subject to a condition that, on termination or expiration of the agreement, the reported load of an assessable pollutant, to which the agreement applies, that may be emitted during licence fee periods subsequent to the final licence fee period covered by the agreement must not be more than— > > > > > (a) the agreed load under the agreement if the reported load for the pollutant for the licence fee period immediately preceding the termination or expiration was not more than the agreed load, or > > > > > (b) an amount decided by the EPA, after consultation with the licence holder, that is higher than the agreed load if the reported load for the period was more than the agreed load.