New South Wales Consolidated Acts

PETROLEUM PRODUCTS SUBSIDY ACT 1997 - SECT 3F

3F Extension of scheme beyond subsidy abolition date

(1) The regulations may postpone the subsidy abolition date to a later date specified in the regulations (the "new subsidy abolition date").

(2) The Minister may recommend the making of a regulation postponing the subsidy abolition date only if satisfied that it is desirable to continue the payment of subsidies under this Act because of the continuation, after 1 July 2009, of the payment of subsidies under the scheme provided for by the Fuel Subsidy Act 1997 of Queensland.

(3) If the subsidy abolition date is postponed by the regulations, sections 3C and 3D apply, and are taken to have always applied, subject to any modifications specified in the regulations, as if a reference to the subsidy abolition date were a reference to the new subsidy abolition date.

(4) The regulations under this section may:

(a) modify the application of section 3E in respect of the payment of subsidies in June 2009, and

(b) provide for a maximum amount that may be paid as a subsidy under this Act in respect of any month occurring after June 2009, and

(c) contain other provisions of a savings or transitional nature consequent on the postponement of the subsidy abolition date.

(5) A regulation postponing the subsidy abolition date may be made before, on or after 1 July 2009.

(6) A regulation postponing the subsidy abolition date may be made on more than one occasion.