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The Welfare Reform (Northern Ireland) Order 2015

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Changes over time for: Section 78

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The Welfare Reform (Northern Ireland) Order 2015, Section 78 is up to date with all changes known to be in force on or before 29 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. Help about Changes to Legislation

Determination of amount or value of budgeting loanN.I.

This section has no associated Explanatory Memorandum

78.—(1) Section 136 of the Contributions and Benefits Act (principles of determination) is amended as follows.

(2) In subsection (4), after paragraph (d) insert—

(da)that the amount or value of a budgeting loan is not to exceed a sum specified or determined as specified in the direction;.

(3) After subsection (4) insert—

(4ZA) A direction under subsection (4)(da) may require the sum to be determined by applying, or by a method that includes applying, a multiplier specified in the direction in circumstances specified in the direction to the most recent relevant sum published by the Department.

(4ZB) A relevant sum is a sum determined from time to time by reference to so much of any relevant allocation under section 147(1) to (4) of the Administration Act as is available for making payments.

Commencement Information

I1Art. 78 in operation at 17.2.2016 by S.R. 2016/46, art. 3(3)

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