SCHEDULES

SCHEDULE 31Miscellaneous amendments relating to decommissioning

PART 1Abandonment guarantees and abandonment expenditure

Consequential amendments

18

(1)

Section 292 is amended as follows.

(2)

Omit subsection (5).

(3)

In subsection (6), in the definition of “abandonment guarantee”—

(a)

for “section 105 of FA 1991” substitute “ section 3 of OTA 1975 ”, and

(b)

for “that Act” substitute “ FA 1991 ”.

(4)

The heading of that section becomes “ Expenditure on abandonment guarantees ”.