Paragraph 28
(1)
Sections 101 and 102 do not apply to a reverse premium—
(a)
which was received before 9th March 1999, or
(b)
to which the recipient was entitled immediately before that date.
(2)
In determining whether a reverse premium was one to which the recipient was entitled immediately before 9th March 1999, no account is to be taken of any arrangements made on or after that date.