8—Licence fees—transitional provision—licensed supplier of
reticulated gas under repealed Act
Pursuant to clause 2(2) of Schedule 1 of the Act, the following
provisions apply with respect to the payment of licence fees and the initial
licence period:
(a) a
person to whom a licence is issued under clause 2(1) of Schedule 1
authorising the retailing of gas must pay—
(i)
not later than the first day of the licence period, by
way of annual licence fee, an amount equal to one-quarter of the amount
calculated or fixed under section 24(3)(a) of the Act; and
(ii)
thereafter, instalments of the annual licence fee as for
a licence issued on 1 October 1997;
(b) a
person to whom a licence is issued under clause 2(1) of Schedule 1
authorising the operation of a distribution system must pay—
(i)
not later than the first day of the licence period, by
way of annual licence fee, an amount equal to 1 quarter of the amount
calculated or fixed under section 24(3)(b) of the Act; and
(ii)
thereafter, instalments of the annual licence fee as for
a licence issued on 1 October 1997.