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15. After regulation 21 insert—
21A.—(1) Where the members of a fund-holding practice apply any part of the allotted sum for the purposes of paying redundancy payments under regulation 19 or 19A(7)(j), they shall secure that for the purpose of making any such payment the allotted sum is applied in the following order—
(a)first, the payment is to be met (to the extent that it is permissible to do so under regulation 19A) from the available management allowance for the financial year in which the payment is made (“the current year”);
(b)the payment is then to be met from available savings; and
(c)only then is the payment to be met from any other part of the current year’s allotted sum.
(2) In paragraph (1), “available” means free from any binding obligation to apply for other purposes (but savings are not “available” if the Health and Social Services Board has consented in accordance with regulation 21(2) to their application for a purpose for which consent is required, even if no binding obligation to apply them for that purpose has yet been entered into).”.
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