SCHEDULE 1TRANSFER OF CERTAIN FUNCTIONS, ETC.

The Pensions Act

60

1

Section 4655 of that Act (powers to approve arrangements for scheme ceasing to be certified) is amended as follows.

2

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

3

In subsection (2), for “has”, in both places where it occurs, and “its” there are substituted respectively “have” and “their”.

4

In subsection (3), for “it subsequently approves” there is substituted “they subsequently approve”.

5

In subsection (4), for “has” there is substituted “have”.