{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-wales-regulations-2003/regulation-2",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-wales-regulations-2003/regulation-2.json",
  "legislation": "wsi/2003/915",
  "legislation_title": "The Local Authorities (Capital Finance) (Amendment) (Wales) Regulations 2003",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-wales-regulations-2003",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Amendment of the Local Authorities (Capital Finance) Regulations 1997",
  "text": "After regulation 12A (Expenditure not required to be charged to a revenue account — expenditure for capital purposes on property within the Housing Revenue Account) of the 1997 Regulations insert —\n“Expenditure not required to be charged to a revenue account — expenditure in respect of liabilities for retirement benefits\n12B. (1) Expenditure by a local authority in Wales in respect of liabilities for retirement benefits appropriated to a pension reserve in accordance with proper practices shall be expenditure falling within section 42(2).\n(2) For the purposes of paragraph (1) “retirement benefits” means benefits payable pursuant to —\n(a) the Local Government Pension Scheme Regulations 1997;\n(b) the Local Government (Early Termination of Employment) (Discretionary Compensation) (England and Wales) Regulations 2000;\n(c) the Firemen’s Pension Scheme Order 1992;\n(d) the Police Pensions Regulations 1987;\n(e) the Teachers (Compensation for Redundancy and Premature Retirement) Regulations 1997.\n(f) any other regulations made under section 24 of the Superannuation Act 1972 (Compensation for loss of office, etc).”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 1997/1612 amended by S.I. 1998/1238, 1999/1212 and 3438, 2000/1164 and 3025, 2001/1481 and 3401 and 2002/206."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "S.I. 2000/1410."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "S.I. 1992/129."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "S.I. 1987/257 amended by S.I. 1988/1339, 1990/805, 1992/2349, 1994/641, 1996/867, 1998/577, 2000/843 and 1549 and 2001/3888."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "S.I. 1997/311 amended by S.I. 1998/2256 and 1999/608."
    },
    {
      "type": "footnote",
      "label": "f6",
      "text": "1972 c. 11."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/wsi/2003/915/regulation/2",
    "retrieved_at": "2026-10-29T00:11:19.989184+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."
}