# Tertiary Education and Research (Wales) Act 2022, Paragraph 17: Meaning of “financial year” and “academic year”

Extent: E+W

(1) In paragraphs 15 and 16 “financial year” means—
(a) the period beginning on the day on which section 1 comes into force and ending on the following 31 March;
(b) subsequently, each successive period of 12 months.
(2) In paragraph 16 “academic year” means the period of 12 months ending on 31 August in the financial year.

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Source: https://www.legislation.gov.uk/asc/2022/1/schedule/1/paragraph/17 (the official version)
Page: https://openlegislation.uk/tertiary-education-and-research-wales-act-2022/schedule-1/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.