- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Public Bodies (Abolition of British Shipbuilders) Order 2013 No. 687
4.—(1) British Shipbuilders is abolished immediately after the transfer of its property, rights and liabilities to the Secretary of State under article 2(1).
(2) The subsidiaries of British Shipbuilders are abolished immediately after the transfer of their property, rights and liabilities to the Secretary of State under article 2(2) and (3).
(3) The reporting duties of British Shipbuilders in respect of its final accounting year must, after its abolition, be discharged by the Secretary of State.
(4) The reporting duties of British Shipbuilders are—
(a)its duties under section 17(1)(b) and (c) of the Aircraft and Shipbuilding Industries Act 1977(1) (statements of accounts), and
(b)its duties under section 18 of that Act (annual report).
(5) The final accounting year of British Shipbuilders is the period which begins on 1st April 2012 and ends on the abolition of British Shipbuilders.
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