Reply To: New awards of guarantee credit

#2009
Anonymous
Guest

Yes, the trouble is the answer given in Q283 failed to convince me. It seems to me that all HB Reg 68(3)(b) does is to say that where the change is that new regulations have been introduced, the change takes effect from the actual date the regs come into force rather than the following Monday (the standard rule). So all the provisions of the HB/CTB (SPC) Amendment Regs take effect from the 6th October – including Reg 68B(6). At least that’s how I read it.

Q297 now makes the policy intention even clearer, but I still don’t quite see how they’ve got there from the legislation! My own suggestion (involving the 2 changes rule) is also flawed, I now realise.