{
  "url": "https://openlegislation.uk/education-student-support-postgraduate-masters-degrees-wales-regulations-2019/schedule-3/paragraph-16",
  "json_url": "https://openlegislation.uk/education-student-support-postgraduate-masters-degrees-wales-regulations-2019/schedule-3/paragraph-16.json",
  "legislation": "wsi/2019/895",
  "legislation_title": "The Education (Student Support) (Postgraduate Master's Degrees) (Wales) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/education-student-support-postgraduate-masters-degrees-wales-regulations-2019",
  "path": "schedule/3/paragraph/16",
  "kind": "paragraph",
  "number": "16",
  "heading": "Applicable financial years: calculating residual income of persons other than eligible student",
  "text": "(1) This paragraph specifies the applicable financial year for the purposes of calculating P's residual income.\n(2) Unless sub-paragraph (3) applies, the applicable financial year is PY-1.\n(3) The applicable financial year is CY if the Welsh Ministers are satisfied that—\n(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\n(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.",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 3 para. 16(3) substituted (2.3.2020) by The Education (Student Support) (Miscellaneous Amendments) (Wales) Regulations 2020 (S.I. 2020/142), regs. 1(2), 8"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 3 para. 16 in force at 27.5.2019, see reg. 1(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/wsi/2019/895/schedule/3/paragraph/16",
    "retrieved_at": "2026-10-28T23:19:17.428535+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}