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18.—(1) A standard registrant who has paid a retention fee in accordance with Table 3 and who becomes either an overseas practising registrant or a non-practising registrant before 1st October in the same retention fee year shall be credited a sum as specified in Table 5.
(2) A registrant to whom paragraph (1) applies who during the same retention fee year—
(a)becomes an overseas practising registrant but then resumes practising within the British Islands; or
(b)becomes a non-practising registrant but then resumes practising either in or outside the British Islands,
must notify the registrar and the credit referred to in paragraph (1) shall be cancelled.
(3) An overseas practising registrant who has paid a retention fee in accordance with Table 3 and who becomes a non-practising registrant before 1st October in the same retention fee year shall be credited a sum as specified in Table 5.
(4) If during the same retention fee year the registrant in paragraph (3) resumes practising either in or outside the British Islands, the registrant must make the appropriate declaration in writing to the registrar, and the credit referred to in paragraph (3) shall be cancelled.
(5) A sum credited under paragraph (1) or (3) shall be—
(a)deducted from future fees payable by the registrant; or
(b)refunded if the registrant’s name is removed from the register under section 13(2) of the Act.
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