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Status:
This version of this cross heading contains provisions that are prospective.
Status
The term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section. A version of a provision is prospective either:
- where the provision (Part, Chapter or section) has never come into force or;
- where the text of the provision is subject to change, but no date has yet been appointed by the appropriate person or body for those changes to come into force.
Commencement Orders listed in the ‘Changes to Legislation’ box as not yet applied may bring this prospective version into force.
Changes to legislation:
Pensions (No. 2) Act (Northern Ireland) 2008, Cross Heading: The Pension Schemes (Northern Ireland) Act 1993 (c. 49) is up to date with all changes known to be in force on or before 24 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
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Prospective
The Pension Schemes (Northern Ireland) Act 1993 (c. 49)N.I.
1 After section 170 of the Pension Schemes Act (levies towards certain expenditure) insert—N.I.
“170A Levies: interest for late payment
(1) Regulations may make provision for interest to be charged at the prescribed rate in the case of late payment of a levy imposed under section 170(1).
(2) Interest is payable by or on behalf of the person or persons by or on behalf of whom the levy is payable.
(3) Interest payable by a person by virtue of this section is a debt due from the person to the Department.
(4) Interest is recoverable by the Department or, if the Department so determines, by the Regulatory Authority on the Department's behalf.
(5) Without prejudice to the generality of subsection (1), regulations under this section may include provision relating to—
(a)the collection and recovery of interest;
(b)the circumstances in which interest may be waived.”.
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