Regulation 5

Subject to paragraph (2), the monthly allowance payable to a chairman, vice‑chairman or any other member of a Town Council is an amount fixed by the Town Council.

For the purposes of section 16(1) of the Act, the allowance paid to a chairman, vice-chairman or member of a Town Council managing a number of equivalent dwelling units specified in the Third Schedule must not exceed the amount specified in that Schedule for the office and opposite the number.

For the purposes of paragraph (2), the number of equivalent dwelling units managed by a Town Council is ascertained by the formula A × number of units, where A is —