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5.—(1) Where an application has been submitted to the Lord Chancellor under paragraph 8 of the existing Schedule 4 and at the commencement date the Lord Chancellor has received advice both from the Advisory Committee and from the Director, the following provisions of this paragraph shall apply.
(2) If the Lord Chancellor has acted under paragraph 11(4) of the existing Schedule 4, the remaining provisions of that paragraph shall apply.
(3) Subject to sub-paragraph (4) below, if the Lord Chancellor has not acted under paragraph 11(4) of the existing Schedule 4, he shall (if he has not already done so) send to the applicant a copy of the advice of the Advisory Committee and of that of the Director, and thereafter paragraphs 13(2) to 16 of the new Schedule 4 shall apply, references to the Consultative Panel being treated as references to the Advisory Committee.
(4) If the Lord Chancellor is minded to refuse the application he shall before reaching a decision seek the advice of the Consultative Panel, and thereafter paragraphs 11 and 13 to 16 of the new Schedule 4 shall again apply.
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