Oil Pollution of the Sea (Civil Liability and Compensation) (Amendment) Act 2003

Amendment of Act of 1988 (Supplementary Fund).

6.—The Act of 1988 is amended by inserting the following new section after section 19:

“Supplementary Fund.

19A.—(1) The Supplementary Fund shall be a body corporate with perpetual succession and power to sue and be sued in its corporate name and to acquire, hold and dispose of land or an interest in land and to acquire, hold and dispose of other property.

(2) It shall be the duty of such persons as may be prescribed to pay each year into the Supplementary Fund in such manner and on or before such date as may be prescribed such sums as may be determined by the Assembly of the Supplementary Fund and certified by the Director of the Supplementary Fund, any such sum to be determined in accordance with the returns submitted to the Minister under section 19(1) or, where the person concerned fails or neglects to submit the appropriate return on or before the prescribed date, to pay the Supplementary Fund such sum as may be calculated on an estimate of that person's returns for that year.

(3) If any person fails to pay to the Supplementary Fund any sum due and payable under subsection (2) the Director of the Supplementary Fund may recover from the person by whom it was payable in any court of competent jurisdiction, as a simple contract debt, such sum together with interest thereon from the date on which such sum became payable, such interest to be at such rate as may, from time to time, be determined in accordance with the Internal Regulations of the Supplementary Fund.”.