Sch 4 para 17
Paragraph 68 (management duties of an administrator) is to have effect as if— (a) in sub-paragraph (1), for paragraphs (a) to (c) there were substituted “the proposals as— (a) set out in the statement made under paragraph 49 in relation to the company, and (b) from time to time revised under paragraph 54, for achieving the objective of the education administration. (b) in sub-paragraph (3), for paragraphs (a) to (d) there were substituted “ the directions are consistent with the achievement of the objective of the education administration ” .