Subsidy Control Act 2022
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Change 1
41 Exemption for certain subsidies given to SPEI enterprises
(1) The requirements as to transparency in Chapter 3 of Part 2 do not apply to a subsidy given to a SPEI enterprise for the purpose of the provision of SPEI services, where the subsidy is no more than £100,000. (2) For the purposes of subsection (1)— (a) if assistance is provided in cash, the gross cash amount given is to be used in determining the amount of the assistance; (b) if assistance is provided otherwise than in cash, the amount of assistance given is to be determined by reference to the gross cash equivalent of the assistance.
41 Exemption for certain subsidies given to SPEI enterprises
(1) The requirements as to transparency in Chapter 3 of Part 2 do not apply to a subsidy given to a SPEI enterprise for the purpose of the provision of SPEI services, where the subsidy is no more than £100,000. (2) For the purposes of subsection (1)— (a) if assistance is provided in cash, the gross cash amount given is to be used in determining the amount of the assistance; (b) if assistance is provided otherwise than in cash, the amount of assistance given is to be determined by reference to the gross cash equivalent of the assistance.
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