Policyholders Protection Act 1975 (repealed)
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
18 General business expenditure and long term business expenditure.
(1) In this Act “general business expenditure” means— (a) any expenditure of the Board under section 6, 7 or 8 above; and (b) any expenditure attributed by the Board under subsection (3) below to general business expenditure. (2) In this Act “long term business expenditure” means— (a) any expenditure of the Board under section 10 or 11 above; and (b) any expenditure attributed by the Board under subsection (3) below to long term business expenditure. (3) The Board may, in the case of— (a) any expenditure under section 15 or 16 above; (b) any expenditure in repaying or servicing any loans; and (c) any expenditure on their administrative expenses in performing their functions under this Act; attribute that expenditure to general business expenditure or to long term business expenditure, or partly to the one and partly to the other, in such manner as may appear to them to be reasonable in the circumstances of the case.
18 General business expenditure and long term business expenditure.
(1) In this Act “general business expenditure” means— (a) any expenditure of the Board under section 6, 7 or 8 above; and (b) any expenditure attributed by the Board under subsection (3) below to general business expenditure. (2) In this Act “long term business expenditure” means— (a) any expenditure of the Board under section 10 or 11 above; and (b) any expenditure attributed by the Board under subsection (3) below to long term business expenditure. (3) The Board may, in the case of— (a) any expenditure under section 15 or 16 above; (b) any expenditure in repaying or servicing any loans; and (c) any expenditure on their administrative expenses in performing their functions under this Act; attribute that expenditure to general business expenditure or to long term business expenditure, or partly to the one and partly to the other, in such manner as may appear to them to be reasonable in the circumstances of the case.
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