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Section 37C Settlement sum: unpaid amountF1

(1)

In the case of a settlement sum, the unpaid amount on any day means the amount outstanding immediately before that day in respect of—

(a)

the settlement sum, and

(b)

interest (if any) calculated in accordance with the settlement (within the meaning of section 19A).

(2)

Subject to section 37D(2) and (3), an amount in respect of a settlement sum is not to be regarded as outstanding if the settlement sum is not recoverable under section 19A(3).

Annotations

Textual amendments

F1

Pt. 2A inserted (6.4.2016) by Small Business, Enterprise and Employment Act 2015 (c. 26), ss. 150(2), 164(1) (with s. 150(8)); S.I. 2016/321, reg. 3(d)

Notes on the whole Act

Textual amendments

F1

The Industrial Tribunals Act 1996 may be cited as the Employment Tribunals Act 1996 (1.8.1998) by virtue of 1998 c. 8, s. 1(2) (with s. 16(2)); S.I. 1998/1658, art. 2(1), Sch. 1

F2

Words in long title substituted (1.8.1998) by 1998 c. 8, s. 1(2)(b) (with s. 16(2); S.I. 1998/1658, art. 2(1), Sch. 1