# Advanced Research and Invention Agency Act 2022, Paragraph 1: Transfer schemes

Extent: E+W+S+N.I.

(1) The Secretary of State may make one or more property transfer schemes or staff transfer schemes.
(2) A “property transfer scheme” is a scheme for the transfer to ARIA from a permitted transferor of any property, rights or liabilities, other than rights or liabilities under or in connection with a contract of employment.
(3) A “staff transfer scheme” is a scheme for the transfer to ARIA from a permitted transferor of any rights or liabilities under or in connection with a contract of employment.
(4) In this Schedule, a “permitted transferor” means the Secretary of State or United Kingdom Research and Innovation.

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Source: https://www.legislation.gov.uk/ukpga/2022/4/schedule/2/paragraph/1 (the official version)
Page: https://openlegislation.uk/advanced-research-and-invention-agency-act-2022/schedule-2/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.