Regulation 4 Oil Taxation (Gas Banking Schemes) Regulations 1982I1

Regulation 5 (conditions for elections) of the Oil Taxation (Gas Banking Schemes) Regulations 1982^f1 is amended as follows.

In paragraph (5)(a), for “Secretary of State for Energy or by the Department of Commerce for Northern Ireland as the case may be” substitute “appropriate authority”.

In paragraph (5)(a)(i) and (ii), for “Minister” substitute “appropriate authority”.

After paragraph (5) insert—

“(5A)

In paragraph (5)(a), “the appropriate authority” means—

(a)

in the case of a licence granted under the Petroleum (Production) Act 1934^f2, the Oil and Gas Authority;

(b)

in the case of a licence granted under the Petroleum (Production) Act (Northern Ireland) 1964^f3, the Department for the Economy.”.