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The Financial Assistance Scheme Regulations 2005
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- UK Statutory Instruments
- 2005 No. 1986
- PART 6
- Regulation 19
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Time and manner of payment: general provisionsU.K.
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19.—(1) The scheme manager shall pay the annual payment[F1, the ill health payment, an interim ill health payment][F2, a payment under regulation 17G or 17H] or an initial payment to the beneficiary or to his appointed representative, [F3in instalments of no more than 52 in a year on a day specified by the scheme manager for the making of such payments to that beneficiary.]
(2) For the purposes of paragraph (1), where the amount of [F4an instalment] would, but for this paragraph, include a fraction of a penny, that fraction shall be disregarded if it is less than half a penny and shall otherwise be treated as a penny.
(3) The scheme manager shall start to pay the F5... instalments payable to a beneficiary on the first day specified in paragraph (1) which is as soon as reasonably practicable after the day on which—
(a)the beneficiary becomes entitled to an annual payment under regulation 17(2) to (4); F6...
(b)the scheme manager determines that an initial payment may be made under regulation [F718(4)].
[F8(c)the beneficiary becomes entitled to an ill health payment under regulation 17A(1) or (3); or
(d)the scheme manager determines that an interim ill health payment may be made under regulation 17B(2).]
[F9(e)the beneficiary becomes entitled to a payment under regulation 17G or 17H;]
(4) F5... instalments shall be paid by means of direct credit transfer or by such other means as appear to the scheme manager to be appropriate in the circumstances of any particular case.
Textual Amendments
F1Words in reg. 19(1) inserted (17.7.2008) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2008 (S.I. 2008/1903), regs. 1, 12(a)
F2Words in reg. 19(1) inserted (2.4.2010) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010 (S.I. 2010/1149), regs. 1, 12(a)
F3Words in reg. 19(1) substituted (10.7.2009) by The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009 (S.I. 2009/1851), regs. 1, 17(1) (with reg. 37)
F4Words in reg. 19(2) substituted (10.7.2009) by The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009 (S.I. 2009/1851), regs. 1, 17(3)(c) (with reg. 37)
F5Word in reg. 19(3)(4) omitted (10.7.2009) by virtue of The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009 (S.I. 2009/1851), regs. 1, 17(2)(e) (with reg. 37)
F6Word in reg. 19(3)(a) omitted (17.7.2008) by virtue of The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2008 (S.I. 2008/1903), regs. 1, 12(b)(i)
F7Word in reg. 19(3)(b) substituted (24.11.2005) by The Financial Assistance Scheme (Modifications and Miscellaneous Amendments) Regulations 2005 (S.I. 2005/3256), regs. 1(1), 4(5)
F8Reg. 19(3)(c)(d) inserted (17.7.2008) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2008 (S.I. 2008/1903), regs. 1, 12(b)(ii)
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