6(1)Subject to the provisions of paragraph 7 below, on the appointed day all property, rights and liabilities—
(a)to which immediately before that day the public gas supplier was entitled or subject; and
(b)which are allocated to the nominated associate by the scheme under paragraph 2 above,
shall become by virtue of this paragraph property, rights and liabilities of that associate.
(2)On the appointed day the public gas supplier’s authorisation under section 7 of the 1986 Act shall have effect as provided for by the scheme under paragraph 4 above.