(1)In section 11 of the M1Finance Act 1989 (power to make provision for retention of registration marks)—
(a)for paragraph (f) of subsection (2) (extension of period of right of retention) there shall be substituted the following paragraph—
“(f)for enabling or requiring the Secretary of State, on the payment to him of a specified fee, to extend or (on one or more occasions) further extend the period referred to in subsection (1) above where the specified conditions are fulfilled and he thinks fit to do so in the circumstances of the case;”
(b)in subsection (3) (power to make different provision for different cases), at the end there shall be inserted “ and may, in particular, exempt extensions or assignments of any specified class or description from any fee or charge payable by virtue of subsection (2)(f) or (j) above ”;
(c)after that subsection there shall be inserted the following subsection—
“(3A)Where regulations under this section provide in any case for there to be no charge in connection with the assignment of a registration mark in pursuance of a right of retention—
(a)the fee specified by virtue of paragraph (b) of subsection (2) above in relation to an application for that right may include an amount representing the charge for which provision could have been made by virtue of paragraph (j) of that subsection; and
(b)regulations under this section may provide for the part of any such fee which represents a charge for which provision could have been so made to be retained, except where the specified conditions are fulfilled, whether or not there is an assignment.”; and
(d)in subsection (6), for paragraphs (a) and (b) of the definition of “the principal section" there shall be substituted “ section 19 of the Vehicles (Excise) Act 1971; ”.
(2)In section 12 of the Finance Act 1989 (provision for sale of registration marks)—
(a)in paragraph (a) of subsection (3) (provision for acquisition of right on payment of sum in respect of acquisition), at the end there shall be inserted “ and, where no charge is to be made by virtue of paragraph (j) below in connection with an assignment in pursuance of the right, in respect of such an assignment; ”
(b)for paragraph (f) of that subsection (extension of period of relevant right) there shall be substituted the following paragraph—
“(f)for enabling or requiring the Secretary of State, on the payment to him of a specified fee, to extend or (on one or more occasions) further extend any such period where the specified conditions are fulfilled and he thinks fit to do so in the circumstances of the case;”
(c)after paragraph (j) of that subsection there shall be inserted the following paragraph—
“(ja)for so much of any sum paid by virtue of paragraph (a) above in respect of the assignment of a registration mark to be retained, except where the specified conditions are fulfilled, whether or not there is such an assignment.”;
(d)in subsection (5) (power to make different provision for different cases), for the words from “assignments" onwards there shall be substituted “ extensions or assignments of any specified class or description from any fee or charge payable by virtue of subsection (3)(f) or (j) above. ”
(3)Section 128 of the M2Finance Act 1990 (power to provide repayment of fees and charges) shall apply to any power by virtue of this section to make provision under section 11 or 12 of the M3Finance Act 1989 for the payment of any sum as it applies to powers conferred before that Act of 1990 was passed.
(4)Any sums received by the Secretary of State in respect of the extension or further extension of the period of any right granted to or acquired by any person by virtue of regulations under section 11 or 12 of the Finance Act 1989 shall be paid into the Consolidated Fund.