Legislation – Subsidy Control Act 2022
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There are currently no known outstanding effects for the Subsidy Control Act 2022, Section 43.
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PART 3Exemptions
CHAPTER 3Emergencies etc.
43Natural disasters and other exceptional circumstances
(1)
The subsidy control requirements do not apply to a subsidy given to compensate the damage caused by—
(a)
natural disasters, or
(b)
other exceptional occurrences.
(2)
The reference in subsection (1)(b) to other exceptional occurrences does not include occurrences having only an economic effect.
(3)
A subsidy may be given in respect of a natural disaster, or another exceptional occurrence, in reliance on the exemption under this section only if—
(a)
a notice is published by the Secretary of State for the purposes of this section declaring that the exemption applies in respect of that natural disaster or occurrence, and
(b)
that notice has not been withdrawn by the publication of a further notice.
(4)
A copy of a notice under this section must be laid before Parliament.
(5)
In this section, the reference to the subsidy control requirements does not include the requirements as to transparency in Chapter 3 of Part 2.