Part 1

The Office for Students

Funding of the OfS

Retention of fee related income
72
1
The OfS must pay its fee income to the Secretary of State except to the extent that the Secretary of State, with the consent of the Treasury, directs otherwise.
2
“Fee income” means the sums received by the OfS by way of—
a
fees charged under section 70 (registration fees) or 71 (other fees), or
b
costs recovered by virtue of regulations made under section 70(2)(f) or 71(2)(g).
3
The OfS must pay its other fee related income to the Secretary of State.
4
“Other fee related income” means the sums received by the OfS by way of—
a
penalties imposed by virtue of regulations made under section 70(2)(g) or 71(2)(h), or
b
interest charged by virtue of regulations made under section 70(2)(i) or 71(2)(j).
S. 72 in force at 1.1.2019 for specified purposes by S.I. 2018/1226, reg. 2(d)
S. 72 in force at 1.8.2019 in so far as not already in force by S.I. 2018/1226, reg. 4(i)