Search Legislation

Advanced Search

Policyholders Protection Act 1975

Status:

This is the original version (as it was originally enacted).

18General business expenditure and long term business expenditure

(1)In this Act "general business expenditure" means—

(a)any expenditure of the Board under section 6, 7 or 8 above; and

(b)any expenditure attributed by the Board under subsection (3) below to general business expenditure.

(2)In this Act " long term business expenditure " means—

(a)any expenditure of the Board under section 10 or 11 above; and

(b)any expenditure attributed by the Board under subsection (3) below to long term business expenditure.

(3)The Board may, in the case of—

(a)any expenditure under section 15 or 16 above;

(b)any expenditure in repaying or servicing any loans; and

(c)any expenditure on their administrative expenses in performing their functions under this Act;

attribute that expenditure to general business expenditure or to long term business expenditure, or partly to the one and partly to the other, in such manner as may appear to them to be reasonable in the circumstances of the case.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources