(1) The Minister may make regulations to provide that where a beneficiary consents, an amount of his benefit, which is determined by consultation and agreement between the Minister and the said beneficiary, may be withheld and paid separately by the Minister to such specified body as may be designated by the beneficiary.
(2) Regulations made under subsection (1) may, in particular and without prejudice to the generality of that subsection -
(a) provide for the withdrawal of consent by a beneficiary,
(b) provide for the time and manner in which such withdrawal shall take place, and
(c) provide for the adjustment of any amount of benefit as a result of such withdrawal.
(3) In this section "a specified body" means a local authority (for the purposes of the Local Government Act, 1941), or any other body established - (a) by or under any enactment (other than the Companies Acts, 1963 to 1990), or (b) under the Companies Acts, 1963 to 1990, in pursuance of powers conferred by or u