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Changes over time for: Section 24


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 06/04/2024.
Changes to legislation:
There are currently no known outstanding effects for the The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2024, Section 24.

Changes to Legislation
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Amendments to regulation 70 (repayment by income-related instalments)N.I.
This section has no associated Explanatory Memorandum
24. In regulation 70() (repayment by income-related instalments)—
(a)for paragraph (4) substitute —
“(4) The relevant amount is 9% of the gross income which the Department consider the borrower is likely to receive in the next 12 month period following the date of the determination referred to in paragraph (2), disregarding—
(a)income up to the applicable threshold, calculated in accordance with regulation 70A; and
(b)income in respect of which the Department is satisfied that repayments are likely to be made under Part 3 or 4.”
(b)in paragraph (5) for “the instalment”, substitute “each instalment”.
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