Bugger,
I was hoping that it would be cast into the darkness that is the LAA, meaning I would never have to darken the CAA's door again.
For a while now I have been proposing that older light aircraft say over 15 should be allowed to transfer over to the LAA system. This would be a one way journey at the owners choice and the aircraft would never be eligible for a CofA at any time in the future. The owners of these aircraft would benefit from reduced costs although there would also be a drop in hull value. The airworthiness authorities would benefit as a large number of aircraft would move outside the normal regulatory process.
Many older light aircraft e.g Cessna 150 have a low hull value that would suffer little from such a transfer. If offered I would certainly take this option.