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Regulation 24 Repayment

Original text. Later amendments are not shown.

Where—

(a)

an individual has made payments under an income contribution order, and

(b)

the amount of the payments so made exceeds the cost as determined under regulation 11 or the proportion of the cost as ordered under regulation 21(4),

the Commission must repay to the individual the amount of the excess together with compound interest thereon, from the date of the excess payment, at the rate of 2% a year with yearly rests.