Subsidy Control Act 2022
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Change 1
1 Overview and application of Act
(1) This Part defines “subsidy” and other key terms used in this Act. (2) Part 2 imposes requirements that apply to the giving of subsidies or the making of subsidy schemes (referred to in this Act as “the subsidy control requirements”)— (a) Chapter 1 imposes duties to apply the subsidy control principles and energy and environment principles; (b) Chapter 2 imposes prohibitions and other requirements; (c) Chapter 3 provides for transparency requirements. (3) Part 3 contains exemptions from the subsidy control requirements— (a) Chapter 2 contains exemptions relating to small amounts of assistance; (b) Chapter 3 contains exemptions for natural disasters and other exceptional circumstances and emergencies; (c) Chapter 4 contains other miscellaneous exemptions. (4) Part 4 provides for the functions of the CMA in relation to the application of the subsidy control requirements. (5) Part 5 contains provisions relating to the enforcement of the subsidy control requirements. (6) Part 6 contains miscellaneous and final provisions. (7) The exercise of any power conferred by legislation (whenever passed or made) is to be read as subject to the subsidy control requirements (except so far as a contrary intention appears in the case of an Act of Parliament). (8) In subsection (7) “legislation” means primary legislation or subordinate legislation.
1 Overview and application of Act
(1) This Part defines “subsidy” and other key terms used in this Act. (2) Part 2 imposes requirements that apply to the giving of subsidies or the making of subsidy schemes (referred to in this Act as “the subsidy control requirements”)— (a) Chapter 1 imposes duties to apply the subsidy control principles and energy and environment principles; (b) Chapter 2 imposes prohibitions and other requirements; (c) Chapter 3 provides for transparency requirements. (3) Part 3 contains exemptions from the subsidy control requirements— (a) Chapter 2 contains exemptions relating to small amounts of assistance; (b) Chapter 3 contains exemptions for natural disasters and other exceptional circumstances and emergencies; (c) Chapter 4 contains other miscellaneous exemptions. (4) Part 4 provides for the functions of the CMA in relation to the application of the subsidy control requirements. (5) Part 5 contains provisions relating to the enforcement of the subsidy control requirements. (6) Part 6 contains miscellaneous and final provisions. (7) The exercise of any power conferred by legislation (whenever passed or made) is to be read as subject to the subsidy control requirements (except so far as a contrary intention appears in the case of an Act of Parliament). (8) In subsection (7) “legislation” means primary legislation or subordinate legislation.
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