OpenLegislation

Paragraph 1 Transfer schemesI1

England and Wales

(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 the IFR from the Secretary of State 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 the IFR from the Secretary of State of any rights or liabilities under or in connection with a contract of employment.

Annotations

Commencement

I1

Sch. 3 para. 1 in force at Royal Assent, see s. 100(2)(b)