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Clause 6(6)(ab)

49. It is proposed that the reference to "group" in clause 6(6)(ab) of the Third Schedule be replaced with a reference to "scheme".

The rest of this Clause refers to "scheme" rather than group. A reference to "group" in Clause 6(6)(ab) is more accurate and will ensure there is consistency with the rest of the clause.

Clause 13(2)

50. It is proposed that clause 13(2) of the Third Schedule be replaced with a provision equivalent to clause 11(2) of Schedule 3A.

Clause 13(2) specifies disclosure of material transactions by a manager. Clause 11(2) serves a similar purpose in Schedule 3A, but is less prescriptive and allows greater flexibility.