- Statutory Instrument 2005 No. 2154
The Social Security (Claims and Payments) Amendment (No. 3) Regulations 2005
© Crown Copyright 2005
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| Made | 2nd August 2005 | ||
| Laid before Parliament | 9th August 2005 | ||
| Coming into force | 1st September 2005 |
The Secretary of State for Work and Pensions, in exercise of the powers conferred upon him by sections 15A(2)(b), 189(1) and (4) and 191of the Social Security Administration Act 1992[1], 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. —(1) These Regulations may be cited as the Social Security (Claims and Payments) Amendment (No. 3 ) Regulations 2005.
(2) These Regulations shall come into force on 1st September 2005.
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] (deductions of mortgage interest from benefit and payment to qualifying lenders), for the amount "£0.78" there is substituted the amount "£0.31".
Signed by authority of the Secretary of State for Work and Pensions.
Stephen C. Timms
Minister of State, Department for Work and Pensions
2nd August 2005
(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 £0.78 to £0.31 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.
A full regulatory impact assessment of the effect that this instrument will have on the costs of business is available from the Better Regulation Unit, Level 4, The Adelphi, John Adam Street, London,WC2N 6HT.
Notes:
[1] 1992 c.5. Section 15A was inserted by paragraph 1 of the Schedule to the Social Security (Mortgage Interest Payments) Act 1992 (c.33) and amended by Section 14 of and Schedule 2 to the State Pension Credit Act 2002 (c.16). Section 191 is cited for the meaning given to the word "prescribe".back
[2] See section 15A(2) of the Social Security Administration Act 1992 and Schedule 2, paragraph 2 to the State Pension Credit Act 2002 (c.16).back
[3] See section 173(1)(b) of the Social Security Administration Act 1992.back
[4] S.I.1987/1968. Schedule 9A was inserted by regulation 6 of S.I. 1992/1026 and paragraph 7 was amended by S.I. 2002/3197, 2003/470 and 2004/576.back
ISBN 0 11 073210 3