96Application of amendments to existing scheme

96 Application of amendments to existing scheme (1) To avoid doubt, regulations 32, 40, 50 and 52, as amended by the amending Regulations, apply in relation to a trust deed for a scheme that was approved by the Minister before the commencement (an existing scheme). (2) The trustees of an existing scheme must, within 30 days after the commencement, amend the trust deed for the scheme: (a) in a manner that is consistent with regulations 32, 50 and 52, as in force after the commencement; and (b) subject to paragraph (c), in a manner that is consistent with regulation 40, as in force after the commencement; and (c) to provide that despite the amendments to the claim provisions, the claim provisions, as in force immediately before the deed is amended as mentioned in paragraph (b), continue to apply in relation to residential building work covered by a certificate issued before the deed is amended. (3) Regulation 64 does not apply in relation to the amendments mentioned in subregulation (2). (4) As soon as reasonably practicable after amending the trust deed in accordance with subregulation (2), the trustees of an existing scheme must give a copy of the amended trust deed to the Minister. (5) In this regulation: claim provisions means the provisions of a trust deed that specify the matters mentioned in regulation 40.

ENDNOTES Building (RBI and Fidelity Fund Schemes) Regulations 2012 53 ENDNOTES