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1

The education administrator of a further education body may on one or more occasions revise the proposals included in the statement made under paragraph 49 in relation to the body.

2

If the education administrator thinks that a revision is substantial, the education administrator must send a copy of the revised proposals—

a

to the registrar of companies,

b

to the appropriate national authority,

c

to any director of children's services to whom the statement of proposals was sent under paragraph 49,

d

to every creditor of the further education body, other than an opted-out creditor, of whose claim and address the education administrator is aware, and

e

to every member of the further education body of whose address the education administrator is aware.

3

A copy sent in accordance with sub-paragraph (2) must be sent within the prescribed period.

4

An education administrator who fails without reasonable excuse to comply with this paragraph commits an offence.