31.Paragraph 5 provides for proposed determinations of cluster areas in the period between 3 December 2014, and the date of Royal Assent to Finance Act 2015, to ensure companies in a licensed area in a proposed cluster area are able to generate cluster area allowance from the date of the proposed cluster area being published. It provides for such proposed determinations to be treated as valid determinations under section 356JD.
32.Paragraph 6 introduces arrangements for companies who are licensees in oil fields in a cluster area, to elect to exclude certain fields from the cluster area until a date to be specified in regulations.