Regulation 3 Amendment of regulation 1

In regulation 1(5)—

(a)

in the definition of “poolable amount”, for “quarter”, in both places it occurs, substitute “financial year^f1”;

(b)

omit the definition of “quarter”;

(c)

omit the definition of “relevant quarter”;

(d)

in the definition of “sub-liability”—

(i)

after “amount” insert “(“K”)”;

(ii)

omit the second “in”.

Annotations

f1: See section 124 of the Local Government Act 2003 (c. 26) for the definition of financial year.