5. The Education (Student Support) (Wales) Regulations 2018(1) 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.”
S.I. 2018/191 (W. 42), to which there are amendments not relevant to these Regulations.