National Oil Reserves Agency Act 2007

44N

F126[F127[Renew-able transport fuel] levy.

44N. (1) For the purpose of meeting expenses properly incurred or likely to be so incurred, by the Agency and each designated subsidiary in performing functions under this Act, F127[renewable transport fuel] obligation account holders shall, in accordance with this Part and any regulations made under section 44T pay to the Agency in each month a levy (in this Act referred to as the "F127[renewable transport fuel] levy") on their relevant disposals of F127[renewable transport fuel] in the preceding month.

F128[(1A) The rate of the F127[renewable transport fuel] levy shall be 0.001 per litre of relevant disposals of F127[renewable transport fuel]s.]

(2) A relevant disposal of F127[renewable transport fuel] is the volume (expressed in litres) of F127[renewable transport fuel] that in any month a F127[renewable transport fuel] obligation account holder disposes of by sale or otherwise in the State or consumes in the State.

(3) No F127[renewable transport fuel] levy is payable by a F127[renewable transport fuel] obligation account holder on its relevant disposals of F127[renewable transport fuel] where the F127[renewable transport fuel] levy has been paid by the F127[renewable transport fuel] obligation account holder from which it acquired the F127[renewable transport fuel].]

Annotations

Amendments:

F126

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

F127

Substituted (15.07.2022) by European Union (Renewable Energy) Regulations (2) 2022 (S.I. No. 350 of 2022), reg. 17(1)(l)(i), in effect as per reg. 1(2).

F128

Inserted (1.08.2020) by National Oil Reserves Agency (Amendment) and Provision of Central Treasury Services Act 2020 (6/2020), s. 24, S.I. No. 280 of 2020.

Modifications (not altering text):

C23

Functions transferred and references to the Minister for and Department of the Environment, Climate and Communications construed (28.02.2023, vesting day) by Oil Emergency Contingency and Transfer of Renewable Transport Fuels Functions Act 2023 (2/2023), ss. 23, 24, 28, S.I. Nos. 81, 82 of 2023, subject to transitional provisions in ss. 25-27, 29.

Transfer of functions to Minister for Transport

23. The functions conferred on the Minister by or under—

(a) sections 44A, 44C, 44D, 44E, 44F, 44G, 44H, 44I, 44J, 44K, 44L, 44M, 44N, 44Q, 44R, 44S, 44T, 44V, 44W and 44X of the Act of 2007, ...

are transferred to the Minister for Transport on the vesting day.

Transfer of administration and business

24. (1) The administration and business in connection with the performance of the functions transferred by section 23 are, on the vesting day, transferred to the Department of Transport.

(2) References to the Department of the Environment, Climate and Communications contained in any enactment (other than this Act) in so far as they relate to the administration and business transferred by subsection (1) shall, from the vesting day, be construed as references to the Department of Transport.

...

Construction of references to Minister

28. (1) References to the Minister contained in any enactment (other than this Act) in so far as they relate to any function transferred by section 23 shall, from the vesting day, be construed as references to the Minister for Transport.

...