FUEL SUPPLIERS LICENSING REGULATIONS 1998 - REG 17

This legislation has been repealed.

FUEL SUPPLIERS LICENSING REGULATIONS 1998 - REG 17

17 .         Calculation of subsidy (s. 46)

        (1)         This regulation applies unless regulation 18 applies.

        (2)         The amount of a general diesel subsidy payable to an applicant who is a licensed supplier is — 

            (a)         the quantity (in litres) of diesel supplied by the applicant to other persons at the general subsidized price; plus

            (b)         the quantity (in litres) of diesel used by the applicant for propelling a road vehicle on a public road,

                multiplied by the general diesel subsidy rate applicable at the time the diesel was supplied.

        (3)         The amount of an ORD subsidy payable to an applicant who is a licensed supplier is — 

            (a)         an amount that equals the value of the compensation that the applicant has made to authorised distributors for supplying diesel at the ORD subsidized price; plus

            (b)         an amount that equals the quantity (in litres) of diesel supplied by the applicant to certified users at the ORD subsidized price multiplied by the ORD subsidy rate applicable at the time the diesel was supplied; plus

            (c)         if the applicant is also a certified user — an amount that equals the quantity (in litres) of diesel used by the applicant for purposes other than for propelling a road vehicle on a public road multiplied by the sum of the general subsidy rate and the ORD subsidy rate that applied at the time the diesel was used.