The Income Support (General) (Standard Interest Rate Amendment) Regulations 2004
| Jurisdiction | UK Non-devolved |
| Citation | SI 2004/440 |
| Year | 2004 |
2004 No. 440
SOCIAL SECURITY
The Income Support (General) (Standard Interest Rate Amendment) Regulations 2004
Made 23th February 2004
Laid before Parliament 27th February 2004
Coming into force 21th March 2004
The Secretary of State for Work and Pensions, in exercise of the powers conferred upon him by sections 123(1)(a), 135(1), 137(1) and 175(1) and (3) to (5) of the Social Security Contributions and Benefits Act 19921, and of all other powers enabling him in that behalf, after agreement by the Social Security Advisory Committee that proposals in respect of these Regulations should not be referred to it2, hereby makes the following Regulations:
Citation, commencement and interpretation
1.—(1) These Regulations shall be cited as the Income Support (General) (Standard Interest Rate Amendment) Regulations 2004 and shall come into force on 21st March 2004.
(2) In these Regulations, “the Decisions and Appeals Regulations” means the Social Security and Child Support (Decisions and Appeals) Regulations 19993and “the Income Support Regulations” means the Income Support (General) Regulations 19874.
(3) These Regulations shall have effect in relation to any particular claimant—
(a)
(a) in a case where income support is paid to the claimant in arrears, in accordance with paragraph 1(a) of Schedule 3A to the Decisions and Appeals Regulations5(date on which change of circumstances takes effect in certain cases where a claimant is in receipt of income support)—
(i) from the first day of the benefit week which includes 28th March 2004; or
(ii) if the claim for income support is for a period commencing after 28th March 2004, from the first day of the first benefit week commencing after 21st March 2004;
(b)
(b) in a case where income support is paid to the claimant in advance, in accordance with paragraph 1(b) of Schedule 3A to the Decisions and Appeals Regulations from the first day of the first benefit week commencing after 28th March 2004,
and for this purpose, the expressions “claimant” and “benefit week” have the same meanings as in regulation 2(1) of the Income Support Regulations6 (interpretation).
Amendment of Schedule 3 to the Income Support Regulations
2. In paragraph 12(1)(a) of Schedule 3 to the Income Support Regulations7(standard rate of interest on qualifying loans), for the words “5.07 per cent.” there shall...
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