(1)Except to the extent of the saving in subsection (2) below—
(a)the obligation imposed on the Secretary of State by section 54(4) of the M1New Towns Act 1981 (duty to make staff compensation regulations) shall be treated as having ceased to have effect on 7th November 1984, and
(b)the staff compensation regulations (which were made under section 24 of the M2Superannuation Act 1972 in pursuance of the obligation referred to in paragraph (a) above) shall be deemed to have been revoked for all purposes on that date.
(2)Nothing in subsection (1) above shall affect the staff compensation regulations or the Secretary of State’s obligation to keep them in being as regards persons who are affected by transfer schemes approved before the date specified in subsection (1) above; and the Secretary of State may after that date amend the regulations under the said section 24 in their application to such persons
(3)In this section—
“the staff compensation regulations” means the M3New Towns Transfer Schemes (Compensation) Regulations 1977;
“transfer scheme” means a scheme made under section 42 of the New Towns Act 1981 or under section 1 of the New Towns (Amendment) Act 1976.