The Income Support (General) (Standard Interest Rate Amendment) Regulations (Northern Ireland) 1996

Type Ni-Statutory-Rule
Publication 1996-05-30
State In force
Jurisdiction Northern Ireland
Department Government Printer for Northern Ireland
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Made: 30th May 1996

Coming into operation: 23rd June 1996

The Department of Health and Social Services for Northern Ireland, in exercise of the powers conferred on it by sections 122(1)(a) and 131(1) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992[^f00001], and of all other powers enabling it in that behalf, hereby makes the following Regulations:

Citation, commencement and interpretation

1

and for this purpose, the expressions “claimant” and “benefit week” have the same meanings as in regulation 2(1) of the Income Support Regulations[^f00003] (interpretation).

Amendment of Schedule 3 to the Income Support Regulations

2

In Schedule 3 to the Income Support Regulations[^f00007] (housing costs), in paragraph 12(1)(a) (standard rate of interest on qualifying loans), for “7·74 per cent.” there shall be substituted “7·48 per cent.”.

Revocation

3

The Income Support (General) (Amendment No. 2) Regulations (Northern Ireland) 1996[^f00008] are hereby revoked save that those Regulations shall continue to have effect until the day before the first day of the benefit week having effect in relation to any particular claimant for the purpose of regulation 1(2) of these Regulations.

Signed

Sealed with the Official Seal of the Department of Health and Social Services for Northern Ireland on

W. G. Purdy — Assistant Secretary — 30th May 1996.

Explanatory note

(This note is not part of the Regulations.)

These Regulations amend Schedule 3 to the Income Support (General) Regulations (Northern Ireland) 1987 with respect to the standard rate of interest applicable to a loan which qualifies for income support. The new rate is 7·48 per cent. (regulation 2). The Regulations also revoke, with a saving provision, Regulations which made a previous amendment to that standard rate of interest (regulation 3).

These Regulations make in relation to Northern Ireland only provision corresponding to provision contained in Regulations made by the Secretary of State for Social Security in relation to Great Britain and accordingly, by virtue of section 149(3) of, and paragraph 10 of Schedule 5 to, the Social Security Administration (Northern Ireland) Act 1992 (c. 8), are not subject to the requirement of section 149(2) of that Act for prior reference to the Social Security Advisory Committee.

Footnotes

[^f00001]: 1992 c. 7

[^f00002]: Paragraph 7 was substituted by regulation 7(9) of S.R. 1990 No. 398

[^f00003]: The definition of “benefit week” was amended by regulation 2(a) of S.R. 1988 No. 318

[^f00004]: S.R. 1987 No. 465; relevant amending regulations are S.R. 1990 No. 398

[^f00005]: S.R. 1987 No. 459; relevant amending regulations are S.R. 1988 No. 318, S.R. 1995 Nos. 301 and 434 and S.R. 1996 No. 120

[^f00006]: 1954 c. 33 (N.I.)

[^f00007]: Schedule 3 was substituted by Schedule 1 to S.R. 1995 No. 301. Paragraph 12 was amended by regulation 2 of S.R. 1995 No. 434 and regulation 2 of S.R. 1996 No. 120

[^f00008]: S.R. 1996 No. 120

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