Clause 11

by deleting subsection (1) and substituting the following subsection:“(1) Upon an application to withdraw any sum of money standing to the credit of a member of the Edusave Pupils Fund in the member’s Edusave account for the purposes in section 12(2), the Edusave Scheme Administrator may authorise the payment of such sum as may, under this Act, be withdrawn from the member’s Edusave account —

in the case of a withdrawal for the purposes in section 12(2)(a), to the prescribed school or junior college that the member is schooling at; and

in the case of a withdrawal for the purposes in section 12(2)(b), to a person, an educational institution or any other entity as may be determined by the Edusave Scheme Administrator.”; and

by deleting the word “Board” in subsection (2) and substituting the words “Edusave Scheme Administrator”.