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Statutory Instruments
1997 No. 3034
SOCIAL SECURITY
The Social Security (Claims and Payments) Amendment Regulations 1997
Made
18th December 1997
Laid before Parliament
22nd December 1997
Coming into force
1st April 1998
The Secretary of State for Social Security, in exercise of the powers conferred by sections 15A(2)(b) and 189(1) of the Social Security Administration Act 1992(1), and of all other powers enabling her in that behalf, after consultation as appropriate with organisations representing qualifying lenders likely to be affected by the Regulations(2) and after agreement by the Social Security Advisory Committee that proposals to make the Regulations should not be referred to it(3), hereby makes the following Regulations:
Citation and commencement
1. These Regulations may be cited as the Social Security (Claims and Payments) Amendment Regulations 1997 and shall come into force on 1st April 1998.
Amendment of paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987
2. In paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987(4), for the amount "£0.72" there is substituted the amount "£0.69".
Signed by authority of the Secretary of State for Social Security.
Keith Bradley
Parliamentary Under-Secretary of State,
Department of Social Security
18th December 1997
Explanatory Note
(This note is not part of the Regulations)
These Regulations amend paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987 by reducing from £0.72 to £0.69 the fee which qualifying lenders pay for the purpose of defraying administrative expenses incurred by the Secretary of State in making payments in respect of mortgage interest direct to qualifying lenders.
These Regulations reduce costs to business.
1992 c. 5. Section 15A was inserted by the Schedule to the Social Security (Mortgage Interest Payments) Act 1992 (c. 33).
See section 15A(2) of the Social Security Administration Act 1992.
See section 173(1)(b) of the Social Security Administration Act 1992.