PART 1Overview and key interpretation

Overview etc

I11Overview 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.