Statutory Instruments
SOCIAL SECURITY
Made
21st November 1994
Laid before Parliament
28th November 1994
Coming into force
1st April 1995
The Secretary of State for Social Security, in exercise of the powers conferred by sections 15A(2)(b) and 189(1) of the Social Security Administration Act 1992M1, and of all other powers enabling him in that behalf, after consultation as appropriate with organisations representing qualifying lenders likely to be affected by the RegulationsM2 and after agreement by the Social Security Advisory Committee that proposals to make these Regulations should not be referred to itM3, hereby makes the following Regulations:
Marginal Citations
M11992. c.5. Section 15A was inserted into the Social Security Administration Act 1992 (“the 1992 Act”) by the Schedule to the Social Security (Mortgage Interest Payments) Act 1992 (c.33).
M2See section 15A(2) of the 1992 Act.
M3See section 173(1)(b) of the 1992 Act.
1. These Regulations may be cited as the Social Security (Claims and Payments) Amendment (No.3) Regulations 1994 and shall come into force on 1st April 1995.
2. In paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987 M4, for the amount “£1.00” there shall be substituted the amount “£0.80”.
Marginal Citations
M4S.I. 1987/1968. Schedule 9A was inserted by regulation 6 of S.I. 1992/1026 and paragraph 7 was amended by S.I. 1992/3002.
Signed by authority of the Secretary of State for Social Security.
Roger Evans
Parliamentary Under-Secretary of State,
Department of Social Security
21st November 1994
(This note is not part of the Regulations)
These Regulations amend paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987 by reducing from £1.00 to £0.80 the fee which qualifying lenders pay for the purpose of defraying administrative expenses incurred by the Secretary of State in making payments in respect of mortgage interest direct to qualifying lenders.
These Regulations reduce the cost to business.