SCHEDULE 1TRANSFER OF CERTAIN FUNCTIONS, ETC.

The Pensions Act

67

1

Section 5962 of that Act (further provisions concerning calculations relating to premiums) is amended as follows.

2

For “Department”, in each place where it occurs, there is substituted “Inland Revenue”.

3

In subsection (3), for “is satisfied”, “it thinks”“it may”, there are substituted respectively “are satisfied”, “they think” and “they may”.

4

In subsection (5), for “it thinks” there is substituted “they think”.