Page:Children Development Co-Savings Act 2001.pdf/18

18 Consequential amendment to Education Endowment Scheme Act

22. Section 7 of the Education Endowment Scheme Act (Cap. 87A) is amended by deleting subsection (1) and substituting the following subsection:
 * "(1) For the purposes of this Act, there shall be established a fund to be called the Edusave Pupils Fund into which shall be paid—
 * (a) all contributions under section 9;
 * (b) all income of that Fund; and
 * (c) all moneys to be transferred to a member’s Edusave account under the Children Development Co-Savings Act 2001,
 * and out of which shall be met all payments authorised to be paid under this Act.".