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Amendment of section 37 of Principal Act
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13. Section 37 of the Principal Act is amended—
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(a) by the substitution of the following subsection for subsection (1):
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“(1) For the purposes of—
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(a) meeting expenses properly incurred, or likely to be so incurred, by the Agency and each designated subsidiary in performing functions under this Act, and
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(b) contributing to the funding of the Climate Action Fund in accordance with this Act,
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oil companies and oil consumers, shall, in accordance with this Part and the regulations under section 44 pay to the Agency in each month a levy on their relevant disposals of petroleum products in the preceding month.”,
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and
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(b) by the insertion of the following subsection after subsection (1):
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“(1A) The rate of the levy shall be €0.02 per litre of relevant disposals of petroleum products.”.
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