# Horserace Betting and Olympic Lottery Act 2004, Paragraph 5

Status: prospective

A transfer scheme—
(a) may transfer property, rights or liabilities whether or not they would otherwise be capable of being transferred,
(b) may dispense with a formality in relation to a transfer (whether or not it would otherwise be required by virtue of an enactment or instrument),
(c) may dispense with a requirement for consent (whether arising under an enactment, an instrument or an agreement),
(d) may provide for a transfer not to have an effect which it would otherwise have by virtue of an enactment, instrument or agreement, and
(e) may provide for a transfer to have an effect different to that which it would otherwise have by virtue of an enactment, instrument or agreement.

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Source: https://www.legislation.gov.uk/ukpga/2004/25/schedule/3/paragraph/5 (the official version)
Page: https://openlegislation.uk/horserace-betting-and-olympic-lottery-act-2004/schedule-3/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.