(1)There shall cease to be an office of Director General of the National Lottery.
(2)In consequence of subsection (1) above, in the [1993 c. 39.] National Lottery etc. Act 1993 (in this Act referred to as “the 1993 Act”) section 3 and Schedule 2 (which relate to the Director General of the National Lottery) shall cease to have effect.
(3)After section 3 of the 1993 Act there shall be inserted—
(1)There shall be a body corporate known as the National Lottery Commission.
(2)Schedule 2A makes provision in relation to the Commission.”
(4)On the day on which this subsection comes into force under section 27(3) below, the functions conferred or imposed on the Director General of the National Lottery by or under the 1993 Act (including any functions so conferred or imposed by virtue of this Act) shall, by virtue of this subsection, be transferred to the National Lottery Commission.
(5)Schedule 1 to this Act (which makes provision supplemental to, or consequential on, this section) shall have effect.