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“Exempted persons”.
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29.—(1) In this Chapter of this Part of this Act, the expression “exempted person” means a person
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(a) who has made and maintained, in respect of any aircraft of which he is the owner, the deposit of the appropriate amount with the Accountant of the Courts of Justice authorised by the next following section to be made by persons who desire to become exempted persons; and
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(b) to whom a certificate (which is for the time being in force) has been granted by the Minister under the next following sub-section in respect of such aircraft.
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(2) Where any person who is the owner of any aircraft satisfies the Minister that he has made in respect of such aircraft with the Accountant of the Courts of Justice a deposit of the appropriate amount, the Minister shall issue to such person a certificate (in this Chapter of this Part of this Act referred to as a certificate of security) in such form and containing such particulars as the Minister thinks proper.
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(3) Where—
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(a) a certificate of security has been issued to any person by the Minister under this section, and
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(b) either—
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(i) the amount, stated in a notice of deficiency given to such person by the Accountant of the Courts of Justice in pursuance of the provisions of this Chapter of this Part of this Act relating to payment of judgment debts out of deposit, has not, within fourteen days after such person has received such notice, been deposited with the Accountant of the Courts of Justice, or
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(ii) the deposit made by such person at the time such certificate was granted has ceased to be maintained,
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the Minister shall revoke such certificate.
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(4) In this section the expression “the appropriate amount” means in relation to any deposit made with the Accountant of the Courts of Justice—
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(a) in case the person making such deposit is the owner of not more than two aircraft, the sum mentioned in sub-section (1) of the next following section in respect of such aircraft, and
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(b) in case such person is the owner of three or more aircraft, the sum mentioned in sub-section (2) of the next following section in respect of such aircraft.
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