National Oil Reserves Agency (Amendment) and Provision of Central Treasury Services Act 2020

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Number 6 of 2020


NATIONAL OIL RESERVES AGENCY (AMENDMENT) AND PROVISION OF CENTRAL TREASURY SERVICES ACT 2020


CONTENTS

PART 1

Preliminary and General

Section

1. Short title and commencement

2. Definitions

3. Revocations

PART 2

Amendments to Principal Act

4. Amendment of section 2 of Principal Act

5. Amendment of section 8 of Principal Act

6. Amendment of section 14 of Principal Act

7. Amendment of section 16 of Principal Act

8. Amendment of section 18 of Principal Act

9. Amendment of section 19 of Principal Act

10. Amendment of section 21 of Principal Act

11. Amendment of section 31A of Principal Act

12. Amendment of section 36 of Principal Act

13. Amendment of section 37 of Principal Act

14. Payment into Climate Action Fund by direction of Minister

15. Climate Action Fund

16. Amendment of section 40 of Principal Act

17. Amendment of section 41 of Principal Act

18. Amendment of section 44 of Principal Act

19. Amendment of section 44B of Principal Act

20. Amendment of section 44D of Principal Act

21. Amendment of section 44G of Principal Act

22. Amendment of section 44I of Principal Act

23. Amendment of section 44J of Principal Act

24. Amendment of section 44N of Principal Act

25. Amendment of section 44P of Principal Act

26. Amendment of section 44Q of Principal Act

27. Amendment of section 44T of Principal Act

PART 3

Amendments to National Treasury Management Agency (Amendment) Act 2000

28. Amendment of section 18 of National Treasury Management Agency (Amendment) Act 2000


Acts Referred to

National Oil Reserves Agency Act 2007 (No. 7)

National Treasury Management Agency (Amendment) Act 2000 (No. 39)

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Number 6 of 2020


NATIONAL OIL RESERVES AGENCY (AMENDMENT) AND PROVISION OF CENTRAL TREASURY SERVICES ACT 2020


An Act to extend the purposes for which the levy on relevant disposals of petroleum products is paid; to amend and extend the objects, functions and powers of the National Oil Reserves Agency; to set the rate of the levy on relevant disposals of petroleum products; to make provision for the Minister for Communications, Climate Action and Environment to give a direction to the National Oil Reserves Agency in relation to the payment by it of an amount of the proceeds of the levy on relevant disposals of petroleum products collected and recovered into the Climate Action Fund; to establish the Climate Action Fund; to set the rate of the biofuel levy; to make certain other amendments in relation to biofuel obligations; for those purposes to amend and extend the National Oil Reserves Agency Act 2007 ; to provide for the provision by the National Treasury Management Agency of central treasury services to the National Oil Reserves Agency and Irish Water and for that purpose to amend the National Treasury Management Agency (Amendment) Act 2000 ; and to provide for related matters.

[29th July, 2020]

Be it enacted by the Oireachtas as follows: