(1)The Infrastructure Planning Commission ceases to exist on the day on which this subsection comes into force.
(2)Schedule 13 (amendments in consequence of Commission's abolition, including amendments transferring its functions to Secretary of State) has effect.
(3)On the coming into force of this subsection, the property, rights and liabilities of the Infrastructure Planning Commission vest by virtue of this subsection in the Secretary of State.
(4)Subsection (3) operates in relation to property, rights and liabilities—
(a)whether or not they would otherwise be capable of being transferred,
(b)without any instrument or other formality being required, and
(c)irrespective of any requirement for consent that would otherwise apply.
(5)The transfer by virtue of subsections (2) to (4) is to be treated as a relevant transfer for the purposes of the Transfer of Undertakings (Protection of Employment) Regulations 2006 (S.I. 2006/246) if it would not otherwise be a relevant transfer for those purposes.
(6)Subsections (3) and (4) do not affect the operation of those Regulations in relation to that transfer.
Commencement Information
I1S. 128(1) s. 128(3)-(6) in force at 1.4.2012 by S.I. 2012/628, art. 7(a)
I2S. 128(2) in force at 15.1.2012 for specified purposes by S.I. 2012/57, art. 2(a)
I3S. 128(2) in force at 1.4.2012 by S.I. 2012/628, art. 7(a)