PART IIIRESETTLEMENT COMPENSATION

Amount of resettlement compensation8

1

The amount of resettlement compensation which may be paid to a person shall, for each week for which such compensation is payable, be a sum ascertained by taking two thirds of the weekly rate of the net emoluments which that person has lost and deducting therefrom, in addition to the items mentioned in regulation 33(3) and (4), such of the following items as may be applicable—

a

unemployment, sickness or injury benefit under any Act relating to National Insurance claimable by him in respect of such week (excluding any amount claimable by him in respect of a dependant); and

b

two thirds of the net emoluments received by him in respect of such week from work or employment undertaken as a result of the loss of employment.

2

For the purposes of this regulation the weekly rate of a person's net emoluments shall be deemed to be seven three hundred and sixty-fifths of those emoluments.