- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (01/04/2010)
- Gwreiddiol (Fel y'i Deddfwyd)
Petroleum Act 1998
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Rhagor o Adnoddau
Changes over time for: Section 46
Version Superseded: 01/10/2016
Alternative versions:
- 15/02/1999- Amendment
- 01/04/2010
Point in time - 01/10/2016- Amendment
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Point in time view as at 01/04/2010. This version of this provision has been superseded.
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46 Northern Ireland and Isle of Man shares of petroleum revenue.U.K.
(1)Where petroleum is delivered to the Secretary of State under the terms of a licence granted under section 3 by virtue of subsection (2)(b) of that section, then, for the purposes of section 2 of the M1Miscellaneous Financial Provisions Act 1968 (Northern Ireland and Isle of Man shares of revenue from the continental shelf), the proceeds from the licence shall be taken to include the proceeds of the sale of the petroleum less—
(a)any sums paid by the Secretary of State in respect of the petroleum or the delivery or treatment of the petroleum; and
(b)any expenses incurred by the Secretary of State in connection with the sale.
(2)In this section “petroleum” has the same meaning as in Part I of this Act.
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