1(1)  Expenditure incurred by the Treasury for or in connection with the making of payments to which this section applies may be paid out of money provided by Parliament.

1(2)  This section applies to any payments that the Treasury authorise in cases where persons have been adversely affected by maladministration in the regulation before December 2001 of the Equitable Life Assurance Society.

1(3)  The Treasury may make provision by order made by statutory instrument for a payment to which this section applies to be disregarded to any extent for the purposes of any of these–

(a)liability to tax;

(b)entitlement to a tax credit;

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