49(1)Schedule 11 (pensions) is amended as follows.
(2)In paragraph 1(1) (interpretation), in paragraph (a) of the definition of “eligible persons”—
(a)after “of the Board,” insert—
“(ia)the Authority or any subsidiary of the Authority,”, and
(b)for “franchise company” substitute “body corporate which is, or is to be, the franchisee or the franchise operator under a franchise agreement”.
(3)In paragraphs 3(4) and 4(5), for “after consultation with” substitute “with the consent of”.
(4)In paragraph 10(15), for “Board” (in both places) substitute “Authority”.
(5)In paragraph 11(10), in the definition of “relevant employer” insert at the end—
“(d)the Authority; or
(e)a wholly owned subsidiary of the Authority.”