Regulation 24B

Where a taxi (other than a replacement taxi) is registered before 1st September 2003 and its owner applies in writing to the Authority to use or keep the taxi for 8 years, an additional quota premium shall be payable prior to the expiry of the term of the existing certificate of entitlement for the extension of the certificate of entitlement.

The additional quota premium referred to in paragraph (1) shall be the difference between 80% of the amount calculated in accordance with sub-paragraph (1)(a) of rule 14 and the quota premium paid under sub-paragraph (1)(d) of that rule in force immediately before 1st September 2003.

Where a replacement taxi is registered before 1st September 2003 and its owner applies in writing to the Authority to use or keep the taxi for 8 years, an additional levy shall be payable prior to the expiry of the term of the existing certificate of entitlement for the restoration of the certificate of entitlement.

The additional levy referred to in paragraph (3) shall be the difference between 80% of the average of the quota premiums payable for certificates of entitlement in relation to the category of vehicle specified in rule 3(1)(a) issued during the 3 months immediately preceding the restoration of the certificate of entitlement and the amount paid under sub-paragraph (1)(b) of the First Schedule.

For the purposes of paragraph (4), the average of the quota premiums payable for certificates of entitlement for any month in relation to a category of vehicle shall be calculated in accordance with paragraph (2) of the First Schedule.

Where an application is made to pay the additional quota premium or additional levy, as the case may be, after the expiry of the term of an existing certificate of entitlement, the Registrar may, in his discretion, approve such application on such terms and conditions as he thinks fit.

Where payment or part payment of any additional quota premium or additional levy referred to in paragraph (2) or (4) is made in a form other than by cash, nothing in this rule shall require the Registrar to extend the validity period of the certificate of entitlement until the payment has been honoured or otherwise effected.