SCHEDULES

SCHEDULE 8Abolition of Assets Recovery Agency and its Director

Part 3Transfer or abolition of Revenue functions

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(1)

Section 324 (exercise of Revenue functions) is amended as follows.

(2)

In subsection (1) for “the Director” substitute SOCA.

(3)

In subsection (2) for “Paragraph (b) of section 1(6)” substitute “ Section 2B(2) ”.

(4)

In subsection (3) for “The Director” substitute SOCA.

(5)

In subsection (4) for “The Director” substitute SOCA.

(6)

In subsection (5)—

(a)

for “The Director” substitute SOCA; and

(b)

for “they” substitute “ the Board ”.