SCHEDULE 7Transfer of staff, property and liabilities and transitional and saving provisions

Part 2Transitional and saving provisions

New Commission's first budget

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1

Section 20(1) applies in respect of the financial year ending with 31 March 2012 with the modification set out in sub-paragraph (2).

2

For “before the start of each financial year” there is substituted “ as soon as possible after the start of the financial year ending with 31 March 2012 and, in any event, before 30 June 2011 ”.