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Regulation 29 Commutation adjustments of newly-established authority

Original text. Later amendments are not shown.

A designated authority which is a newly-established authority shall be treated for the purposes of regulation 27 above as if—

(a)

the total of their minimum revenue provision savings in respect of the preceding years amounted to nil;

(b)

the total of their commutation adjustments in respect of the preceding years amounted to nil; and

(c)

they had, before the reorganisation date, calculated that item G in respect of any financial year beginning on or after the reorganisation date amounted to nil.