Paragraph 28 I1

(1)

This paragraph applies where, in consequence of a nuclear transfer scheme, a subsidiary of the NDA becomes a relevant site licensee.

(2)

For the purposes of the application of the enactments mentioned in sub-paragraph (3) to the assets of the company which has become a relevant site licensee, that company shall be treated as continuing, for so long as it is a relevant site licensee, to be a member of the group of companies of which it was a member immediately before the scheme took effect.

(3)

Those enactments are—

(a)

the 1992 Act;

(b)

Schedule 29 to the Finance Act 2002 (c. 23);

(c)

paragraphs 5, 14, 19 and 26 of this Schedule.

(4)

The reference in sub-paragraph (2) to the group of companies of which a company was a member is to be construed—

(a)

in relation to the 1992 Act in accordance with the provisions of section 170 of that Act; and

(b)

in relation to Schedule 29 to the Finance Act 2002, in accordance with Part 8 of that Schedule.

Annotations

Commencement

I1: Sch. 9 para. 28 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1