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- Original (As enacted)
This is the original version (as it was originally enacted).
(1)Subsections (2) to (5) below apply where property, rights or liabilities of a milk marketing board are transferred under section 11 above under an approved scheme.
(2)The appropriate authority—
(a)shall by regulations make such provision as it thinks fit for the purpose of giving effect to so much of the approved scheme as relates to the board in the period after the transfer under that section; and
(b)may by regulations make such provision as it thinks fit—
(i)in relation to the constitution of the board, or
(ii)for the purpose of enabling the board to wind up its affairs.
(3)Regulations under subsection (2) above may—
(a)provide that, notwithstanding section 1(1) above, such provisions of the relevant marketing scheme as are specified in the regulations shall continue to have effect, subject to such modifications as may be so specified, or
(b)make such new provision as appears to the authority to be necessary or expedient.
(4)Regulations under subsection (2) above may not confer a power to raise compulsory levies.
(5)As soon as the appropriate authority is satisfied that the board has carried out any remaining functions, and on being given notice by the board that it has wound up its affairs, the appropriate authority shall, after consultation with the board, make an order dissolving the board on such date as is specified in the order.
(6)Regulations under subsection (2) above may be made in anticipation of the application of that subsection.
(7)In subsection (3)(a) above, “relevant marketing scheme” means the marketing scheme which constituted the board.
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