Clause 16

by inserting, immediately after the words “more children,” in the long title, the words “to enable financial provision to be made for children of parents who have been granted a divorce, a judicial separation or an annulment of marriage through the co-savings scheme established under this Act,”;

by deleting the word “and” at the end of section 3(1)(a); and

by deleting the full-stop at the end of paragraph (b) of section 3(1) and substituting the word “; and”, and by inserting immediately thereafter the following paragraph:“(c)make financial provision for the children of parents who have obtained a judgment for the dissolution or annulment of their marriage or judicial separation through the transfer of matrimonial assets divided between the parents by a court pursuant to the divorce, annulment or judicial separation proceedings into a child’s bank account opened under the co-savings scheme referred to in paragraph (b).”.