6(1)A person who was a member, officer or servant of the Authority immediately before the passing of this Act shall continue to be a member, officer or servant as if appointed under this Part of this Act.
(2)Nothing in this Act shall put a person in a worse position as regards his appointment.
(3)The Secretary of State may, with the consent of [F1the Treasury], make regulations requiring the Authority to pay (in such cases and to such extent as may be determined by or under the regulations) compensation to or in respect of any such person who, after the passing of this Act and as a result of the changes in the Authority’s functions arising from this Part of this Act, ceases to be a member, officer or servant of the Authority or suffers a loss or diminution of emoluments or pension rights.
Textual Amendments
F1Words substituted by virtue of S.I. 1981/1670, art, 2(1)(d)