SCHEDULES

SCHEDULE 6 U.K.Restriction on public sector exit payments: consequential and related provision

Small Business, Enterprise and Employment Act 2015 U.K.

1 U.K.In section 154 of the Small Business, Enterprise and Employment Act 2015 (regulations in connection with repayment of public sector exit payments)—

(a) in subsection (4)(c), after “retirement” insert “ or in respect of the cost to a pension scheme of such a reduction not being made ”,

(b) after subsection (6), insert—

“(7) In this section a reference to a payment made to a person includes a reference to a payment made in respect of that person to another person.”, and

(c) in the heading, after “with” insert “ repayment of ”.

Commencement Information

I1 Sch. 6 para. 1 in force at 1.2.2017 by S.I. 2017/70, reg. 2(c)

2 U.K.In section 156 of that Act (power to make regulations exercisable by the Treasury or Scottish Ministers)—

(a) for subsection (4) substitute—

“(4) The first regulations made by the Treasury under section 154(1) are subject to the affirmative resolution procedure.

(4A) The first regulations made by the Scottish Ministers under section 154(1) are subject to the affirmative procedure.”, and

(b) in the heading, after “regulations” insert “ under section 154(1) ”.

Commencement Information

I2 Sch. 6 para. 2 in force at 1.2.2017 by S.I. 2017/70, reg. 2(c)

3 U.K.In section 161 of that Act (supplementary provision about regulations), in subsection (1), after “section 1” insert “ , 153A ”.

Commencement Information

I3 Sch. 6 para. 3 in force at 1.2.2017 by S.I. 2017/70, reg. 2(c)