Revocation or modification of scheme at request of Central Authority

(1) The Central Authority may at any time apply to the Minister for the revocation or modification of a scheme which has been approved under section 42 of this Act on the following grounds, that is to say, (a) on of the of the compensation which has been awarded or is likely to be awarded in respect of provisions contained in the scheme; (b) on account of practical difficulties in the execution or enforcement of such scheme; (c) on account of events which have occurred since the making of such scheme. (2) When an application has been made under subsection (1) of this section, the Minister may either revoke or modify such scheme or refuse the application. (3) Whenever a scheme is revoked or modified, this Part shall apply in respect of such revoking or modifying scheme in like manner as they apply to the schemes mentioned in the said sections 41 to 48 of this Act inclusive.