Power to reduce or waive amounts owed by a person to the scheme manager N.I.
This section has no associated Explanatory Memorandum
70.—(1) The scheme manager may reduce or waive an amount owed by a person to the scheme under—
(a)section 14, 15, 16 or 17 of PSPJOA 2022, or
(b)these Regulations.
(2) When reducing or waiving an amount under paragraph (1), the scheme manager must comply with the requirements set out in direction 4(1)(a) to (c) of the PSP Directions 2023 (and the reference in direction 4(1)(c) to “any scheme regulations made by virtue of section 26(1)(b) of PSPJOA 2022” is to be read as a reference to regulation 73).
Commencement Information
I1Reg. 70 in operation at 1.10.2023, see reg. 1(b)