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1.—(1) The Late Payment of Commercial Debts (Interest) Act 1998 M1is amended as follows.
(2) In section 4(8) M2 (period for which statutory interest runs), in the definition of “public authority” for “regulation 3 of the Public Contracts (Scotland) Regulations 2012” substitute “ regulation 2(1) of the Public Contracts (Scotland) Regulations 2015 ”.