Annual distribution fee—Act, s 40
51 Annual distribution fee—Act, s 40
This section prescribes, under section 40(b) of the Act, an amount (the annual distribution fee) payable by the holder of each distribution authority for each financial year during which the authority is in force.
If the total length of pipelines operated or maintained under the authority immediately before a financial year starts is less than 100km, the annual distribution fee for the financial year is 812.60 fee units.
Otherwise, the annual distribution fee for a financial year is the amount worked out using the formula—
where—
DF is the annual distribution fee, in dollars.
P is the length in kilometres of pipelines operated or maintained under the authority immediately before the financial year started.
TP is the total length in kilometres of all pipelines operated or maintained under any distribution authority immediately before the financial year started.
Subsection (5) applies, despite subsections (2) and (3), if the authority takes effect after a financial year starts.
The amount for the financial year as worked out under subsection (2) or (3) must be rateably reduced to reflect the period from the start of the year to when the authority took effect as if a reference in the subsection to the start of the year were a reference to the taking of effect of the authority.
The annual distribution fee for a financial year is payable on the day the regulator fixes by a notice to the holder.
The day may be any day, including a day in the financial year.
However, the day can not be a day that is before the giving of the notice.
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