Section 3 specifies the types of matters which may be included in a scheme contained in regulations made under either section 1 or section 2 of the Act.
Subsection (1) provides that a scheme may:-
Subsection (2) enables the “relevant department” to place a time limit on the duration of a scheme contained within regulations made under section 1 or section 2 of the Act.  It also enables the “relevant department” to include within a scheme any saving provisions which it considers necessary to deal with any matters or proceedings that are outstanding at the time the scheme ceases to have effect.
Commentary on Sections Section 3 – Schemes for financial assistance