1 The Agency.
(1)
There shall be a body corporate, to be called the Oil and Pipelines Agency (in this Act referred to as “the Agency”), for the purpose of exercising and performing the functions assigned to the Agency by this Act.
(2)
The Agency shall consist of—
(a)
a full-time or part-time chairman; and
(b)
such number of other full-time or part-time members, not being less than two or more than four, as the Secretary of State may from time to time determine.
(3)
The Agency shall not be regarded as a servant or (except where it is acting in pursuance of an agreement entered into under section 2(1)(a) below) as an agent of the Crown, or as enjoying any status, privilege or immunity of the Crown; and its property shall not be regarded as property of, or property held on behalf of, the Crown.
(4)
The Agency shall not be exempt from any tax, duty, rate, levy or other charge whatsoever, whether general or local.
(5)
Schedule 1 to this Act shall have effect with respect to the Agency.