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3. In regulation 1(5)—
(a)in the definition of “poolable amount”, for “quarter”, in both places it occurs, substitute “financial year(1)”;
(b)omit the definition of “quarter”;
(c)omit the definition of “relevant quarter”;
(d)in the definition of “sub-liability”—
(i)after “amount” insert “(“K”)”;
(ii)omit the second “in”.
See section 124 of the Local Government Act 2003 (c. 26) for the definition of financial year.
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