The Principal Act is amended -
(a) in section 41 (as amended by section 27 of the Act of 2002), by substituting the following for subsection (2):
"(2) Notwithstanding subsection (1) -
(a) this Part shall apply to a defined contribution scheme which is paying benefits to members where those benefits are not secured under a policy or policies of assurance,
(b) subsections (1) and (2) of section 48 shall apply to any scheme other than a defined contribution scheme, and
(c) subsections (3) and (4) of section 48 shall apply to every scheme.",
(b) in section 43 -
(i) in subsection (1) (as amended by section 29 of the Act of 2002):
(I) by substituting "and, subject to subsection (1A), a subsequent" for "and a subsequent",
(II) in paragraph (b), by inserting "and" after "the scheme,", and
(III) by inserting the following after paragraph (b):
"(c) in the case of a scheme to which this Part applies by virtue of the amendment effected by section 32 (a) of the Social Welfare and Pensions Act 200
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