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4. An employer who has made any payment of statutory maternity pay shall be entitled—
(a)to an amount equal to 92 per cent. of such payment; or
(b)if he is a small employer—
(i)to an amount equal to such payment; and
(ii)to an additional payment under regulation 3;
which in either case (a) or (b) he shall be entitled to deduct in accordance with the provisions of regulation 5 or, as the case may be, to receive in accordance with the provisions of regulation 6.
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