2(1)In any financial year during which the free travel scheme has effect, the concession required by the scheme in the case of all eligible London residents in any other category (persons who have attained pensionable age or whose ability to walk is seriously impaired) is the concession described in sub-paragraph (2) below.
(2)The concession mentioned in sub-paragraph (1) above is the waiver, on production of a travel concession permit issued to any such resident under paragraph 4(2) below, of any fare otherwise payable by the person to whom it was issued for any journey falling within section 242(2) of this Act and beginning—
(a)at any time on a Saturday or Sunday or on any day which is a bank holiday in England and Wales under the [1971 c. 80.] Banking and Financial Dealings Act 1971; or
(b)in an eligible period on any other day.
(3)Subject to sub-paragraph (4) below, for the purposes of paragraph (b) of sub-paragraph (2) above the eligible periods are—
(a)the period from midnight to 4.30 a.m; and
(b)the period from 9 a.m. to midnight.
(4)The periods which are eligible periods for the purposes of sub-paragraph (2)(b) above may be altered from time to time by Transport for London by notice published in such manner as it thinks fit, specifying the new period or periods and the effective date of the alteration.
(5)A notice under sub-paragraph (4) above may not specify an effective date for the alteration of a period to which it applies falling earlier than three months after the date of publication of the notice.
(6)Before publishing a notice under sub-paragraph (4) above Transport for London shall consult each London authority and the London Transport Users' Committee.