National Oil Reserves Agency Act 2007

44O.

F100[Volume assessment.

44O.(1) Before the end of each month, the Minister shall notify the Agency of the Ministers assessment of the volume of biofuel appearing to have been relevantly disposed of in the preceding month by each biofuel obligation account holder liable to pay the biofuel levy.

(2) The volume assessment is to be based on

(a) the information given by the biofuel obligation account holder in accordance with regulations made under section 44U relating to returns, or

(b) if that information has not been given or if the Minister has reason to believe that information so given is inaccurate or incomplete in any material respect, such estimates as appear to the Minister to be reasonable having regard to any other available information.]

Annotations

Amendments:

F100

Inserted (1.07.2010) by Energy (Biofuel Obligation and Miscellaneous Provisions) Act 2010 (11/2010), s. 3, S.I. No. 322 of 2010.