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Statutory Instrument 2003 No.470The Social Security (Claims and Payments) Amendment Regulations 2003(The document as of February, 2008) STATUTORY INSTRUMENTS2003 No.470SOCIAL SECURITYThe Social Security (Claims and Payments) Amendment Regulations 2003
The Secretary of State for Work and Pensions, in exercise of the powers conferred upon him by sections 15A(2)(b) and 189 (1) of the Social Security Administration Act 1992 [1], and of all other powers enabling him in that behalf, after consultation as appropriate with organisations representing qualifying lenders likely to be affected by the Regulations [2], and after agreement by the Social Security Advisory Committee that proposals to make the Regulations should not be referred to it [3], hereby makes the following Regulations: Citation and commencement 1.These Regulations may be cited as the Social Security (Claims and Payments) Amendment Regulations 2003 and shall come into force on 1st April 2003. Amendment of paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987 2.In paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987[4] for the amount "Ј0.66" there is substituted the amount "Ј0.73". Signed by authority of the Secretary of State for Work and Pensions. Malcolm Wicks Parliamentary Under-Secretary of State, Department for Work and Pensions 27th February 2003 (This note is not part of the Order) These Regulations amend paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987 by increasing from Ј0.66 to Ј0.73 the fee which qualifying lenders pay for the purpose of defraying administrative expenses incurred by the Secretary of State in making payments in respect of mortgage interest direct to qualifying lenders. The impact on business of applying these Regulations is minimal and the publication of a Regulatory Impact Assessment is therefore not necessary. Notes: [1] 1992 c. 5 Section 15A was inserted by the Schedule to the Social Security (Mortgage Interest Payments) Act 1992 (c. 33).back [2] See section 15A(2) of the Social Security Administration Act 1992 and Schedule 2 Paragraph 2 of the State Pension Credit Act 2002 (c. 16).back [3] See section 173(1)(b) of the Social Security Administration Act 1992.back [4] S.I. 1987/1968. Schedule 9A was inserted by regulation 6 of S.I. 1992/1026, and paragraph 7 was amended by S.I. 2002/355.back ISBN 0 11 045057 4 -- Back --
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