9. Each year the lender will tell the borrower the new deferment level for the period between 1st September and the following 31st August. The borrower can defer making repayments of the loan if—
(a)the lender has not already asked him to repay the loan in full; and
(b)he can show—
(i)that his gross income for the relevant month is not more than the deferment level; and
(ii)if the lender asks, that his gross average monthly income during the 3 months immediately following the relevant month will not or is unlikely to be more than the deferment level.