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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 7 February 2022 - onwards
Version 2 of 2

Schedule 5A, Part 3, Chapter 3 Transfers of allowances (paras. 20-24)

Article 25A

 20. Transfers between accounts

(1) An allowance may be transferred from one account to another.

(2) Sub-paragraph (1) is subject to -

(a) paragraph 11(4)(b) (operator holding accounts);

(b) paragraph 12(3)(b) or (7) (transfer of operator holding accounts);

(c) paragraph 13(3)(b) (aircraft operator holding accounts);

(d) paragraph 25 (suspension of accounts).

 21. Transfer cancellations

The transfer of an allowance between accounts may be cancelled by the account holder of the transferring account at any time before the transfer has completed.

 22. Transfer reversals