Universities Accord (Student Support and Other Measures) Transitional Rules 2024 (F2024L01632)

4   Definitions

 

(1) In this instrument:

Act means the Universities Accord (Student Support and Other Measures) Act 2024.

new law means a relevant Act as in force upon commencement of the Act.

old law means a relevant Act as in force immediately before commencement of the Act.

RAnew law is what a relevant amount would have been for the financial year if it had been calculated under the relevant new law without taking account of this instrument and on the basis that there had not been a relevant waiver.

RAold law is what a relevant amount would have been for the financial year if it had been calculated under the relevant old law without taking account of this instrument and on the basis that there had not been a relevant waiver.

relevant Act has the meaning given by subsection (2).

relevant amount has the meaning given by subsection (2).

relevant waiver ( RW ), in relation to a relevant amount and a financial year, means an amount attributable to the indexation of a person's relevant amount that was waived under section 63 of the Public Governance, Performance and Accountability Act 2013 in relation to that financial year.

Note: RW is expressed as a positive number.

      

(2) In this instrument:

(a) each relevant Act is specified in column 1 of the following table; and

(b) for each relevant Act, a relevant amount is an amount specified in the corresponding row of column 2.

      

(3) Any other expression used in this instrument that is used in the Act has the same meaning in this instrument as it has in the Act.