60.—(1) For the purposes of these Regulations, the Committee shall be constituted in accordance with Part 1 of Schedule 3 (constitution of the Committee).
(2) The Committee shall have the powers specified in Part 2 of Schedule 3 (powers of the Committee).
(3) The expenses and allowances payable by the Committee shall be in accordance with Part 3 of Schedule 3 (expenses and allowances payable by the Committee).
(4) The Committee is responsible for managing and administering the Scheme.