The Collection Fund (Wales) Regulations 1989

PART I principal authorities

1.—(1) The amount of a charging authority’s liability to each relevant principal authority for a financial year shall be discharged by payment or transfer from the charging authority’s collection fund to be made in not less than 12 instalments.

(2) The instalments shall be of the same number and shall become payable and transferable on the same dates in that year for each such liability, as determined by the charging authority in accordance with the rules prescribed in paragraphs 2 and 3.

(3) The schedule of instalments shall be determined so as to specify—

(a) the number of instalments,

(b) the amount which each instalment will be as a proportion of the amount of each such liability, and

(c) the date on which each instalment shall become due, in accordance with the rules prescribed in this Part.

2.  Where the charging authority determines that 12 instalments are to be paid or transferred in discharge of each liability referred to in paragraph 1(1), the authority shall determine the schedule of instalments so as to require either—

(a) that each instalment shall become due on the last working day of a different month in the financial year, or (b) that each instalment shall become due on the same working day of a different month in that year.

3.  Where the charging authority determines that more than 12 instalments are to be paid or transferred in discharge of each liability referred to in paragraph 1(1), the authority shall determine the schedule of instalments so as to require that—

(a) the authority shall pay and transfer the amount of each first instalment in the financial year within 4 weeks of the start of that year and the amount of each last instalment within4 weeks of the end of that year, and

(b) there shall be an equal number of working days between each instalment in that year.

4.—(1) Subject to paragraph 5, the schedule of instalments shall be determined so as to require each instalment to represent the amount of the charging authority’s undischarged liability to a relevant principal authority, divided by the number of instalments remaining to be paid or transferred immediately before the payment or transfer of the instalment in question.

(2) The amount of the charging authority’s undischarged liability to a relevant principal authority is the amount of its liability to that principal authority for the financial year in which the instalment falls to be paid or transferred, less the amount, if any, by which that liability is treated as discharged under regulation 3.

5.  The schedule of instalments shall be determined so as to require the amount of each instalment which is to be paid or transferred to a relevant principal authority, other than the last instalment in a financial year, to be a number of whole pounds.