50.— Section 168 of the Principal Act is amended:

(a) by the substitution of the following subsections for subsection (1):

“(1) Subject to subsection (1A), as soon as may be after the making of an order designating a site under section 166—

(a) the relevant development agency (other than a local authority) or, where an agreement referred to in section 167 has been made, the relevant development agency (other than a local authority) and any person who is a party to the agreement shall prepare a draft planning scheme in respect of all or any part of the site and submit it to the relevant planning authority,

(b) the local authority, where it is the development agency, or where an agreement referred to in section 167 has been made, the local authority and any person who is a party to the agreement shall prepare a draft planning scheme in respect of all or any part of the site.

(1A) The first draft planning scheme under subsection (1) in respect of all or any part of a site designated under section 166, shall be prepared not later than 2 years after the making of the order so designating the site.”,

(b) in subsection (2), by the substitution of:

“A draft planning scheme under this section shall consist of a written statement and a plan indicating the manner in which it is intended that the site or part of the site designated under section 166 to which the scheme relates is to be developed and in particular—”

for

“A draft planning scheme under this section shall consist of a written statement and a plan indicating the manner in which it is intended that the site is to be developed and in particular—”,

and,

(c) by the insertion of the following subsection after subsection (3):

“(3A) An appropriate assessment of a draft planning scheme shall be carried out in accordance with Part XAB.”.