SCHEDULES

SCHEDULE 31Miscellaneous amendments relating to decommissioning

PART 1Abandonment guarantees and abandonment expenditure

18Consequential amendments

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”.