Continuation of existing schemes
41 Continuation of existing schemes
Notwithstanding the repeal, on the commencement of this Act, of
Part III of the former Act, a scheme made under that Part and in force immediately before that repeal shall, on the commencement of this Act, continue in force but may be repealed or amended as though it were a scheme in force under this Act.
Notwithstanding the repeal, on the commencement of this Act, of sections 33G and 33H(1) of the former Act, a scheme referred to in either of those sections in force immediately before that repeal shall, on the commencement of this Act, continue in force but may be repealed or amended as though it were a scheme in force under this
Act.
A reference to the Home Finance Trustee in a scheme referred to in subsection (2) shall be read as including a reference to the Chief
Executive Officer (Housing).
Notwithstanding the repeal, on the commencement of this Act, of section 33H(3) of the former Act, the Regulations continued in force by that section, as in force immediately before the commencement of this Act, shall, on the commencement of this Act, continue in force as though made under this Act, but:
a reference in those Regulations to the Home Finance Trustee shall be read as including a reference to the Chief Executive Officer (Housing); and
those Regulations may be amended or repealed by regulations made under this Act.
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