The Beef (Marketing Payment) (Amendment) Regulations 1996

• Citation: S.I. 1996/2561
• Sections: 2

Section 1 Title and commencement

These Regulations may be cited as the Beef (Marketing Payment) (Amendment) Regulations 1996 and shall come into force on 1st November 1996.

Section 2 Amendment

Regulation 9 of the Beef (Marketing Payment) Regulations 1996 , shall be replaced by—

(9) Except where the appropriate Minister recovers from any applicant a payment or part of a payment paid to that applicant as a result of an error of that Minister, he may charge interest on any payment recovered under regulation 8 at the rate of one percentage point above the sterling three months London Interbank Offered Rate on a day to day basis for the period from the date of payment to the date of reimbursement by the applicant.