The Repayment of Student Loans (Scotland) Amendment Regulations 2012

Document Number:2012 No. 22
Coming into force:Coming into force on the 06/04/2012
 
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Scottish Statutory Instruments

Education

Made

25 th January 2012

Laid before the Scottish Parliament

27 th January 2012

Coming into force

6 th April 2012

The Scottish Ministers make the following Regulations in exercise of the powers conferred by sections 73(f) , 73 B, and 74(1) of the Education (Scotland) Act 1980(1) and all other powers enabling them to do so.

Citation and commencement

  1. These Regulations may be cited as the Repayment of Student Loans (Scotland) Amendment Regulations 2012 and come into force on 6 th April 2012.

    Amendment of the Repayment of Student Loans (Scotland) Regulations 2000

  2. The Repayment of Student Loans (Scotland) Regulations 2000(2) are amended in accordance with regulations 3 to 6.

  3. In regulation 2(3) (interpretation) , insert after the definition of “repayment”—

    ““repayment threshold” means—

    for the year of assessment ending on 5 th April 2013 , an amount equal to £15 ,000 + (£15 ,000 x Y%) and rounded up to the nearest £5 where Y is the percentage increase between the retail prices all items index published by the Office of National Statistics for the two Marches immediately before the commencement of that year of assessment;

    for any year of assessment ending after 6 th April 2013 but before or on 5 th April 2016 , an amount equal to X + (X x Y%) and rounded up to the nearest £5 where—

    X is the repayment threshold for the previous year of assessment, and

    Y is the percentage increase between the retail prices all items index published by the Office of National Statistics for the two Marches immediately before the commencement of the previous year of assessment; and

    for any year of assessment ending on or after 6 th April 2016 , the amount of the repayment threshold for the previous year of assessment;”.

  4. In regulation 9(4)(4) (refunds) , for “£15 ,000” substitute “the repayment threshold”.

  5. In regulation 13 A(4)(a)(5) (repayment by income related instalments) , after “13 B(2)” insert “as read with regulation 13 B(2 A)”.

  6. In regulation 13 B(6) (calculation of fixed instalment and applicable threshold)—

    (a) in paragraph (2) , after “table” insert “as read with paragraph (2 A)”; and

    (b) after paragraph (2) insert—

    “(2 A) On 6 th April 2012 , and on 6 th April of each subsequent year until and including 6 th April 2015 , each amount in the column headed “Applicable Threshold” in the table in paragraph (2) shall increase to an amount equal to X + (X x Y%) and rounded up to the nearest £5 where—

    X...

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