Explanatory note
(This note is not part of the Order)
This Order provides for the abolition of the Strategic Rail Authority (“SRA”).
Section 1 of the Railways Act 2005 (the “Act”) provides for Secretary of State to make an order for the abolition of the SRA if he is satisfied that such transfers have been made as will secure that the dissolution of the SRA will not extinguish any of its liabilities and if he is satisfied that it is no longer necessary for any other reason for the SRA to continue to exist.
Section 1 of the Act provides that the Secretary of State may make a scheme for the transfer of property, rights and liabilities from the SRA to the following persons:
the Secretary of State;
the Scottish Ministers;
the National Assembly for Wales;
the Office of Rail Regulation;
the Rail Passenger Council established under section 19 of the Act; and
a company which is wholly owned by any of the persons listed from (a) to (d) or is jointly owned by more than one of them.