{
  "url": "https://openlegislation.uk/electricity-act-1989/schedule-14/paragraph-5",
  "json_url": "https://openlegislation.uk/electricity-act-1989/schedule-14/paragraph-5.json",
  "legislation": "ukpga/1989/29",
  "legislation_title": "Electricity Act 1989",
  "legislation_url": "https://openlegislation.uk/electricity-act-1989",
  "path": "schedule/14/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": null,
  "text": "(1) In this Schedule—\n“Consultative Council” means a Consultative Council established under section 7 of the Electricity Act 1947 for the area of an Area Board;\n“employer”, in relation to a person employed by a company which is a wholly-owned subsidiary of another company, includes that other company;\n“existing body” means any of the following, namely, the Area Boards, the Generating Board and the Electricity Council;\n“existing employee” means any person who, immediately before the transfer date, is employed by an existing body or a Consultative Council, or falls to be treated as employed by an existing body by virtue of regulations made under section 54(4) of the Electricity Act 1947 (service as a member to count as service as an employee);\n“former participant” means any person who, immediately before the transfer date, is not a participant in the scheme but has pension rights under the scheme by virtue of his having been such a participant;\n“pension”, in relation to any person, means a pension of any kind payable to or in respect of him, and includes a lump sum, allowance or gratuity so payable and a return of contributions, with or without interest or any other addition;\n“pension rights”, in relation to any person, includes—\n(a)all forms of right to or eligibility for the present or future payment of a pension to or in respect of him; and\n(b)any expectation of the accruer of a pension to or in respect of him;\nand includes a right of allocation in respect of the present or future payment of a pension;\n“the relevant enactments” means Part 4 of the Finance Act 2004 (pension schemes etc) and Part III of the Pension Schemes Act 1993 (so far as relating to occupational pension schemes within the meaning of that Act);\n“relevant scheme” has the meaning given by paragraph 2(1) above;\n“the scheme” has the meaning given by paragraph 1(1) above;\n“wholly-owned subsidiary” has the same meaning as in the Companies Act 1985.\n(2) For the purposes of this Schedule, a company is wholly owned by one or more other companies if it has no members except—\n(a) that other or those others and its or their nominees; and\n(b) wholly-owned subsidiaries of that other or those others and their nominees.\n(3) Subject to sub-paragraph (1) above, expressions used in this Schedule which are also used in Part I or II of this Act have the same meanings as in that Part.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 14 para. 5(1) substituted (6.4.2006) by The Taxation of Pension Schemes (Consequential Amendments) Order 2006 (S.I. 2006/745), arts. 1, 3(2)(b)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 14 para. 5(1) substituted (7.2.1994) by 1993 c. 48, ss. 190, Sch. 8 para.23 (with ss. 6(8), 164); S.I. 1994/86, art. 2"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "1947 c. 54."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "1947 c. 54."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1989/29/schedule/14/paragraph/5",
    "retrieved_at": "2026-10-29T09:46:38.123919+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}