3(1)A property transfer scheme may provide for the creation of rights, or the imposition of liabilities, in relation to property transferred by the scheme.
(2)A property transfer scheme may provide for the apportionment or division of any property, rights or liabilities.
(3)A property transfer scheme may—
(a)specify property, rights or liabilities to be transferred under or in accordance with the scheme, or
(b)provide for property, rights or liabilities to be transferred to be determined in accordance with the scheme.