The Cancellation of Student Loans for Living Costs Liability (Wales) Regulations 2010

Prospective

Interpretation E+W

3.  In these Regulations—

• “the 1998 Act” (“Deddf 1998”) means the Teaching and Higher Education Act 1998;

• “the 2008 Act” (“Deddf 2008”) means the Sale of Student Loans Act 2008(1);

• “academic year” (“blwyddyn academaidd”) means the period of twelve months beginning on 1 September, 1 January, 1 April or 1 July of the calendar year in which the academic year of the course in question begins, according to whether that academic year begins on or after 1 August but before 1 January, on or after 1 January but before 1 April, on or after 1 April but before 1 July, or on or after 1 July but before 1 August;

• “Academic Year 2010/2011” (“Blwyddyn Academaidd 2010/2011”) means an academic year which begins on or after 1 September 2010 but before 1 September 2011;

• “the borrower” (“y benthyciwr”) means a person who has received a loan for living costs from the Welsh Ministers in respect of the Academic Year 2010/2011;

• “loan for living costs” (“benthyciad at gostau byw”) is a loan received from the Welsh Ministers in respect of the Academic Year 2010/2011 under Regulations made pursuant to section 22 of the 1998 Act(2);

• “the Outstanding Liability” (“yr Atebolrwydd sydd heb ei Dalu”) has the meaning given in regulation 7;

• “the Repayment Date” (“y Dyddiad Ad-dalu”) means the day after the date on which the borrower’s first loan repayment is considered to have been received by either Her Majesty’s Revenue and Customs or the Welsh Ministers, whichever is considered (in accordance with Regulations made under section 22 of the 1998 Act(3)) to have received it first;

• “the Satisfaction Date” (“y Dyddiad Bodloni”) has the meaning given in regulation 9;

• “the Specified Amount” (“y Swm Penodedig”) has the meaning given in regulation 6; and

• “Welsh Ministers” (“Gweinidogion Cymru”) includes any person to whom they have transferred or delegated their functions under section 23 of the 1998 Act or to whom they have transferred their rights under section 9 of the 2008 Act.

Commencement Information

I1 Reg. 3 in force at 1.8.2010, see reg. 1(2)

(1)

2008 c. 10.

(2)

At the time of making these Regulations, the Welsh Ministers disburse loans for living costs in respect of the Academic Year 2010/2011 in accordance with Part 6 of the Assembly Learning Grants and Loans (Higher Education) (Wales) Regulations 2009 (S.I. 2009/2737 (W.235)).

(3)

At the time of making these Regulations, the date on which a borrower’s repayment is considered to have been received is determined in accordance with regulation 17 of the Education (Student Loans) (Repayment) Regulations 2009 (S.I. 2009/470).