12. For regulation 20(2) of the Statutory Maternity Pay (General) Regulations 1986 (meaning of “earnings”)(1), substitute—
“(2) For the purposes of section 171(4) of the Contributions and Benefits Act, the expression “earnings” refers to gross earnings and includes any remuneration or profit derived from a woman’s employment except any payment or amount which is—
(a)excluded from the computation of a person’s earnings under regulation 19 or 19B(2) of the Social Security (Contributions) Regulations 1979 (payments to be disregarded and payments to directors to be disregarded respectively);
(b)a chargeable emolument under section 10A of the Social Security Contributions and Benefits Act 1992, except where, in consequence of such a chargeable emolument being excluded from earnings, a woman would not be entitled to statutory maternity pay.”.
S.I. 1986/1960; paragraph (2) was substituted by regulation 13(3) of S.I. 1992/2595.
To which there are amendments not relevant to this Instrument.