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Paragraph 16 Notification of objection to payment

Original text. Later amendments are not shown.

(1)

This paragraph applies where—

(a)

the manager proposes to require, or has required, a payment from a pipeline operator in connection with an agreement; and

(b)

the pipeline operator notifies the Treasury in writing of that operator’s objection to the payment and the reasons in writing for that objection.

(2)

As soon as reasonably practicable after receiving a notification and the related reasons under sub-paragraph (1), the Treasury must notify the manager in writing of the objection.

(3)

After receiving a notification under sub-paragraph (2)—

(a)

the manager must notify the Treasury in writing of the amount of the payment and of how that amount was calculated no later than one month after the day on which the Treasury notify the manager under sub-paragraph (2); and

(b)

if the payment (or any part of the payment) has already been required but not yet made, the manager must immediately suspend the payment.