(1) The Secretary of State may make provision by regulations for securing that where—
(a) (apart from this section) a person is entitled to compensation under a statutory provision to which this section applies, and
(b) the circumstances are such that he is also entitled to a redundancy payment,
the amount of the redundancy payment shall be set off against the compensation to which he would be entitled apart from this section; and any statutory provision to which any such regulations apply shall have effect subject to the regulations.
(2) This section applies to any statutory provision—
(a) which was in
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