Regulation 15 Annual closure payment where closure accreditation revoked or ownership transferred

(1)

Where—

(a)

closure accreditation is revoked, or

(b)

ownership of an installation is transferred,

the closure participant (but not the new owner) is entitled to an annual closure payment for that part of the year before revocation or transfer.

(2)

Where paragraph (1) applies, the annual declaration may be made in respect of the period ending on the date that—

(a)

closure accreditation is revoked, or

(b)

ownership is transferred.

(3)

Where ownership of an installation is transferred, then provided that the requirements of these Regulations are satisfied, the new owner is entitled to an annual closure payment for the remainder of that year, in accordance with regulation 24.

(4)

Where paragraph (3) applies, the annual declaration may be made in respect of the period commencing on the date that ownership is transferred.