PART 3AMENDMENTS TO THE EDUCATION (STUDENT SUPPORT) (WALES) REGULATIONS 2018
Amendments to the Education (Student Support) (Wales) Regulations 2018
5
The Education (Student Support) (Wales) Regulations 20184 are amended in accordance with regulation 6.
6
In paragraph 16 of Schedule 3 (calculation of income)—
a
for sub-paragraph (3) substitute—
3
The applicable financial year is CY if the Welsh Ministers are satisfied that—
a
where P is one of two persons whose residual incomes are aggregated under paragraph (b)(i) or (ii) of List A in paragraph 3(1), the aggregate of the residual incomes of P and the other person for CY is likely to be at least 15% lower than the aggregate of the residual incomes of P and the other person for PY-1, or
b
in any other case, P’s residual income for CY is likely to be at least 15% lower than P’s residual income for PY-1.
b
for sub-paragraph (5) substitute—
5
Where this sub-paragraph applies—
a
the applicable financial year is CY if the Welsh Ministers are satisfied that—
i
where P is one of two persons whose residual incomes are aggregated under paragraph (b)(i) or (ii) of List A in paragraph 3(1), the aggregate of the residual incomes of P and the other person for CY is likely to be at least 15% lower than the aggregate of the residual incomes of P and the other person for PY, or
ii
in any other case, P’s residual income for CY is likely to be at least 15% lower than P’s residual income for PY;
b
otherwise, the applicable financial year is PY.