Other amounts to be disregardedU.K.
42. For the purposes of ascertaining income [F1other than grant income, covenant income and loans treated as income in accordance with regulation 42A], any amounts intended for any expenditure specified in regulation 38(2) (calculation of grant income) necessary as a result of his attendance on the course shall be disregarded but only if, and to the extent that, the necessary expenditure exceeds or is likely to exceed the amount of the sums disregarded under regulation 38(2) [F2and (2A)], 39(3) [F3, 40(1)(a) or (b) and 42A(5) (calculation of grant income, covenant income and treatment of student loans)] on like expenditure.
Textual Amendments
F1Words in reg. 42 substituted (12.4.1994) by The Income-related Benefits Schemes (Miscellaneous Amendments) Regulations 1994 (S.I. 1994/527), regs. 1(1)(c), 21(a)
F2Words in reg. 42 inserted (12.4.1994) by The Income-related Benefits Schemes (Miscellaneous Amendments) Regulations 1994 (S.I. 1994/527), regs. 1(1)(c), 21(b)
F3Words in reg. 42 substituted (with effect in accordance with reg. 1(1)(d) of the amending S.I. 31.8.1999 in so far as not already in force) by The Social Security Amendment (Students) Regulations 1999 (S.I. 1999/1935), regs. 1(1)(d), 6(4)