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SCHEDULE 1Minor and consequential amendments of the 1985 Act

23(1)Section 24 (election of permanent trustee) is amended as follows.

(2)In subsection (2), for the word “permanent”, where it first and second occurs, substitute “replacement”.

(3)In subsection (3), for the words “election of the permanent trustee” substitute “trustee vote”.

(4)In subsection (3A)—

(a)for the word “interim” substitute “original”;

(b)in paragraph (a), for the words “election of the permanent trustee” substitute “trustee vote”;

(c)in paragraph (b), for the word “permanent” substitute “replacement”; and

(d)for the words “section 25A of this Act shall apply” substitute “shall continue to act as the trustee”.

(5)In subsection (4)—

(a)for the word “interim”, where it first and second occurs, substitute “original”;

(b)for the words “election of the permanent trustee” substitute “trustee vote”;

(c)for the word “permanent”, where it second occurs, substitute “replacement”; and

(d)after paragraph (b), insert—

and he shall continue to act as the trustee..