Regulation 10 Payment on account

for paragraph (3) there shall be substituted the following paragraph:—

“(3)

A payment may only be made under this regulation when—

(a)

a period of 12 months has elapsed since the date on which the certificate was issued; or

(b)

further periods of 12 months and 24 months have elapsed since that date.”;

for paragraph (5) there shall be substituted the following paragraph:—

“(5)

The maximum payment to be made for each claim under this regulation in any one financial year shall be:

for the financial year 1993/94	62%
for the financial year 1994/95	70%
for the financial year 1995/96 and thereafter	75%.

”.