Access to Central Treasury Funds (Commission for Energy Regulation) Bill 2011

Public bill · Government · Presented

The measure would allow the Commission for Energy Regulation to apply for loans from the National Treasury Management Agency, rather than relying only on commercial borrowing. The cheaper and potentially quicker funding would cover the initial cost of creating the petroleum safety system required by the 2010 safety law, before an industry levy could be charged. It is intended to reduce costs for the energy industry, with no direct cost to the State or extra staff required.

Formal long title

Bill entitled an Act to amend the National Treasury Management Agency (Amendment) Act 2000 to provide for access to central treasury funds by the Commission for Energy Regulation, and to provide for connected matters

Last updated 20 November 2019