PART 1

Overview and key interpretation

Overview etc

Overview and application of Act
1
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.
S. 1 in force at Royal Assent, see s. 91(1)(a)