Legislation – Subsidy Control Act 2022
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There are currently no known outstanding effects for the Subsidy Control Act 2022, CHAPTER 3.
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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that notice has not been withdrawn by the publication of a further notice.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.
44National or global economic emergencies
(1)
The prohibitions and restrictions imposed by sections 15 to 29 do not apply to a subsidy given to respond to a national or global economic emergency.
(2)
Subsection (1) applies only if the subsidy is given on a temporary basis.
(3)
A subsidy may be given in respect of a national or global economic emergency 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 emergency, 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that notice has not been withdrawn by the publication of a further notice.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.