148 Adjustments between social fund and other sources of finance.N.I.
(1)There shall be made—
(a)out of the social fund into the Consolidated Fund or the National Insurance Fund;
(b)into the social fund out of money appropriated by Measure or the National Insurance Fund,
such payments by way of adjustment as the Department determines (in accordance with any directions of the Department of Finance and Personnel) to be appropriate in consequence of any statutory provision relating to the repayment or offsetting of a benefit under the Contributions and Benefits Act [F1or the State Pension Credit Act (Northern Ireland) 2002] .
(2)Where in any other circumstances payments fall to be made by way of adjustment—
(a)out of the social fund into the Consolidated Fund or the National Insurance Fund; or
(b)into the social fund out of money appropriated by Measure or the National Insurance Fund,
then, in such cases or classes of case as may be specified by the Department by order, the amount of the payments to be made shall be taken to be such, and payments on account of it shall be made at such times and in such manner, as may be determined by the Department in accordance with any direction given by the Department of Finance and Personnel.
Textual Amendments
F1Words in s. 148(1) inserted (2.12.2002 for certain purposes, otherwise prosp.) by State Pension Credit Act (Northern Ireland) 2002 (c. 14), ss. 14, 21(2), Sch. 2 Pt. 2 para. 17; S.R. 2002/366, art. 2(l)