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Chapter 4
Amendments to Part IV of Principal Act
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Amendment of section 41 of Principal Act.
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27.—Section 41 of the Principal Act is amended:
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(a) by the substitution in paragraph (b) of subsection (1) of “1993, or” for “1993.”;
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(b) by the insertion after paragraph (b) of subsection (1) of the following paragraph:
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“(c) to such extent as may be prescribed, a scheme the winding up of which has commenced.”; and
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(c) by the substitution for subsection (2) of the following subsection:
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“(2) Notwithstanding subsection (1)—
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(a) subsections (1) and (2) of section 48 shall apply to any scheme other than a defined contribution scheme, and
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(b) subsections (3) and (4) of section 48 shall apply to every scheme.”.
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