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Regulation 10 Interpretation of Part

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In this Part—

  • “relevant amount” means the amount of “K” agreed or determined in accordance with paragraph 5 of the Schedule to the Transfer of Property Regulations;

  • “relevant date” means the date falling two months after the service by a designated authority of a notice under regulation 15(1) of the Transfer of Property Regulations, or, in the event that any participant authority disagrees with the calculations contained in that notice, the date when the designated authority serves a notice under regulation 16 of those Regulations;

  • “section 60” means section 60 of the 1989 Act; and

  • “usable receipts” means the usable part of capital receipts (within the meaning of Part IV of the 1989 Act) which have not been applied as mentioned in section 60(2).