Interpretation2

1

In this Order—

a

“small business supplier” means a supplier, not being a United Kingdom public authority, whose business is a small business;

b

“small business purchaser” means a purchaser, not being a United Kingdom public authority, whose business is a small business;

c

“United Kingdom public authority” means an authority falling within Schedule 1 to the first commencement order, the Schedule to the second commencement order or the Schedule to the third commencement order;

d

“the first commencement order” means the Late Payment of Commercial Debts (Interest) Act 1998 (Commencement No. 1) Order 19982;

e

“the second commencement order” means the Late Payment of Commercial Debts (Interest) Act 1998 (Commencement No. 2) Order 19993;

f

“the third commencement order” means the Late Payment of Commercial Debts (Interest) Act 1998 (Commencement No. 3) Order 20004.

2

For the purposes of this Order, a business is a small business if the number of full-time employees employed in the business is 50 or fewer when calculated in accordance with Schedule 2 to the first commencement order.