xmlns:atom="http://www.w3.org/2005/Atom"

Part IMilk Marketing

Schemes of reorganisation

5Variation of approved scheme

(1)Subject to subsection (2) below, the appropriate authority may approve a variation of an approved scheme on the application of the relevant board made before the vesting day under the scheme.

(2)The appropriate authority shall not approve a variation of an approved scheme unless—

(a)it is satisfied—

(i)that the relevant board has taken reasonable steps to bring the principle of the proposed variation to the attention of persons who are registered producers, or

(ii)that the proposed variation is not sufficiently important to require the principle of it to be brought to their attention; and

(b)it is satisfied that its decisions under section 3(2)(a)(ii) and (3)(a) above would not have been different had the scheme included the proposed variation.

(3)In this section, “the relevant board”, in relation to an approved scheme, means the milk marketing board to which the scheme relates.