(1) This Act applies to further education bodies as it applies to companies.

(2) Accordingly, in this Act -

(a) references to a company are to be read as including references to a further education body;

(b) references to a director or an officer of a company are to be read as including references to a member of a further education body;

(c) any reference to the Insolvency Act 1986 is to be read as including a reference to that Act as it applies to further education bodies.

(3) As they apply in relation to further education bodies, the provisions of this Act have effect with the following modifications -

(a) in section 2(1), the reference to striking off is to be read as including a reference to dissolution;

(aa) sections 6(1)(a)(ii) and (3)(d) and 7(2)(b) are to be disregarded;