147Termination of scheme—regulations

147 Termination of scheme—regulations

147 Termination of scheme—regulations

(1) On termination of the scheme under clause 145 or 146, regulations may be made about the effect of the termination on rights conferred or obligations imposed under this Part.

(2) Without limiting subclause (1), the regulations may—

(a) prohibit scheme participants from carrying forward a shortfall, or part of a shortfall, for a year to the following year, and

(b) specify other conditions that must be complied with following the termination.