Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Act 2023
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PART 3 Market Cap Fund | ||
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Establishment of Fund | ||
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25. (1) The collection agent shall establish, administer and maintain a fund to be known as the Market Cap Fund (in this Act referred to as the “Fund”). | ||
(2) The collection agent shall open and maintain— | ||
(a) subject to paragraph (b), an account (in this Act referred to as a “current account”) for all moneys paid into the Fund, and | ||
(b) an account (in this Act referred to as an “investment account”) for such moneys (if any) that are not immediately required for the purposes of the current account. | ||
(3) The National Treasury Management Agency may, at the request in writing of the collection agent and on the collection agent’s behalf, invest moneys (if any) held in the investment account and any income, capital or other benefit received in respect of moneys invested under this subsection shall be paid into the investment account or invested under this subsection as directed by the collection agent. | ||
(4) All amounts paid to the collection agent under section 20 , 21 or 22 shall be paid into the Fund. |