# The Qualifications Wales (Monetary Penalties) (Determination of Turnover) Regulations 2019, Regulation 2: Interpretation


(1) In these Regulations—
“the Act” (“y Ddeddf”) means the Qualifications Wales Act 2015;
“awarding body” (“corff dyfarnu”) has the meaning given by section 57 of the Act;
“business year” (“blwyddyn fusnes”) means a period of more than 6 months in respect of which an awarding body publishes accounts or, if no such accounts have been published for the period, prepares accounts;
“date of notice” (“dyddiad hysbysu”) means the date on which Qualifications Wales gives notice to an awarding body under section 38(4) of the Act of their intention to impose a monetary penalty on the awarding body;
“preceding business year” (“blwyddyn fusnes flaenorol”) means the business year immediately preceding the date of notice.

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Source: https://www.legislation.gov.uk/wsi/2019/796/regulation/2 (the official version)
Page: https://openlegislation.uk/qualifications-wales-monetary-penalties-determination-of-turnover-regulations-2019/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.