The Income Support (General) Amendment Regulations 1995

Type Statutory-Instrument
Publication 1995-12-20
State In force
Department Queen's Printer of Acts of Parliament
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Made: 20th December 1995

Laid before Parliament: 29th December 1995

Coming into force: 21st January 1996

The Secretary of State for Social Security, in exercise of the powers conferred on him by sections 135(1), 137(1) and 175(1) and (3) to (5) of the Social Security Contributions and Benefits Act 1992[^f00001], 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 it[^f00002], hereby makes the following Regulations:

Citation, commencement and interpretation

1

and for this purpose the expressions “claimant” and “benefit week” have the same meanings as in regulation 2(1) of the Income Support Regulations.

Amendment of the Income Support Regulations

2

In paragraph 12(1)(a) of Schedule 3 to the Income Support Regulations[^f00005] (standard rate of interest on qualifying loans) for the words “8.39 per cent.” there shall be substituted the words “8.00 per cent.”.

Signed

Signed by authority of the Secretary of State for Social Security.

Roger Evans — Parliamentary Under-Secretary of State, — Department of Social Security — 20th December 1995

Explanatory note

(This note is not part of the Regulations)

These Regulations amend Schedule 3 to the Income Support (General) Regulations 1987 (S.I.1987/1967) as substituted by the Social Security (Income Support and Claims and Payments) Amendment Regulations 1995 (S.I.1995/1613), with respect to the standard rate of interest applicable to a loan which qualifies for income support under Schedule 3 to those Regulations, the new rate being 8 per cent.

These Regulations do not impose a charge upon businesses.

Footnotes

[^f00001]: 1992 c. 4; section 137(1) is an interpretation provision and is cited because of the meaning ascribed to the word “prescribed”.

[^f00002]: See section 173(1)(b) of the Social Security Administration Act 1992 (c. 5).

[^f00003]: S.I. 1987/1968; relevant amending instruments S.I. 1990/2208, 1991/387 and 1992/247.

[^f00004]: S.I. 1987/1967; relevant amending instruments S.I. 1988/1445, 1995/1613 and 2287.

[^f00005]: Schedule 3 was substituted in the Income Support Regulations by S.I. 1995/1613.

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