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7. The Education (Student Support) (Postgraduate Master’s Degrees) (Wales) Regulations 2019(1) are amended in accordance with regulation 8.
8. In paragraph 16 of Schedule 3 (calculation of income), for sub-paragraph (3) substitute—
“(3) The applicable financial year is CY if the Welsh Ministers are satisfied that—
(a)where P is one of two persons whose residual incomes are aggregated under paragraph (b)(i) or (ii) of List A in paragraph 3(1), the aggregate of the residual incomes of P and the other person for CY is likely to be at least 15% lower than the aggregate of the residual incomes of P and the other person for PY-1, or
(b)in any other case, P’s residual income for CY is likely to be at least 15% lower than P’s residual income for PY-1.”
S.I. 2019/895 (W. 161), to which there are amendments not relevant to these Regulations.
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