Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Act 2023

Schemes

28. (1) The Minister shall, with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform, prescribe one or more than one scheme for the due disbursement of amounts from the Fund for the purposes of, and in accordance with, Article 10 of the Council Regulation.

(2) A scheme under this section may provide for—

(a) the purpose for which amounts may be paid from the Fund,

(b) the person or body who shall administer the scheme on behalf of the Minister,

(c) the persons who may qualify for a payment under the scheme,

(d) obligations to be complied with by a person who receives a payment under the scheme,

(e) the duration of the scheme,

(f) conditions applying in respect of a payment under the scheme, including maximum and minimum amounts that may be paid,

(g) matters of procedure relating to an application for payment including information and verifying documents to be furnished,

(h) matters of procedure relating to compliance with any relevant policy of the Government or a Minister of the Government concerning public expenditure, and

(i) arrangements for carrying out a review of the effectiveness of payments under the scheme.

(3) It shall be an offence to breach a provision of a scheme that is declared in the scheme to be a penal provision.