24 Interpretation and supplementary provisions.U.K.
(1)In this Act “the companies” means the Nuclear Fuels Company and the Radiochemical Company, “” includes stock, and “pension” has the meaning assigned to it by section 8(2) of the M1Atomic Energy Authority Act 1954.
(2)In this Act “the appointed day” means such day as the Secretary of State may appoint by order made by statutory instrument;F1....
(3)For the purposes of this Act—
(a)property, rights, liabilities and obligations of the Authority shall be taken at any time to be property, rights, liabilities and obligations appertaining to a part of the Authority’s undertaking transferred by virtue of section 1 or section 2 of this Act, and
(b)person shall be taken at any time to be employees of the Authority engaged in such a part of the Authority’s undertaking,
if at that time they are property held, rights acquired, liabilities or obligations incurred or persons employed by the Authority (as the case may be) wholly or mainly for the purposes of, or in the course of carrying on, that part of the Authority’s undertaking (as distinct from the Authority’s undertaking in general or any other part of that undertaking in particular).
(4)For the avoidance of doubt it is hereby declared that—
(a)any reference in this Act to property of the Authority is a reference to property of the Authority whether situated in the United Kingdom or elsewhere, and
(b)any reference in this Act to rights, liabilities or obligations of the Authority is a reference to rights to which the Authority is entitled, or (as the case may be) liabilities or obligations to which the Authority is subject, whether under the laws of the United Kingdom or of a part of the United Kingdom or under the laws of any country or territory outside the United Kingdom;
and it shall be the duty of the Authority and of each of the companies to whom any property situated in a country or territory outside the United Kingdom is transferred by virtue of this Act, or to whom any rights, liabilities or obligations of the Authority under the laws of any such country or territory are so transferred, to take all such steps as may be requisite for perfecting the transfer.
(5)Any power conferred by any provision of this Act, except subsection (2) of this section, to make an order shall include power to revoke or vary the order by a subsequent order made under that provision.
(6)Nothing in this Act shall be construed as transferring to either of the companies any right, liability or obligation expressly conferred or imposed on the Authority by name by any enactment (other than section 2(1) of, and Schedule 2 to, the M2Atomic Energy Authority Act 1954) or by statutory instrument.
Textual Amendments
F1Words in s. 24(2) repealed (22.7.2004) by Statute Law (Repeals) Act 2004 (c. 14), Sch. 1 Pt. 16 Group 1
Modifications etc. (not altering text)
C11.4.1971 appointed under s. 24(2) by S.I. 1971/478, art. 2
Marginal Citations