[F1Orders under s.29(1): participant ceasing to be distributing bodyU.K.
Textual Amendments
F1Crossheading inserted (2.7.1998) by 1998 c. 22, s. 12(3), Sch. 3.
F28(1)This paragraph applies in any case where an order under section 29(1) affects a body which, immediately before the order comes into force, is participating in a joint scheme.U.K.
(2)In any such case, the Secretary of State may by order under section 29(1)—
(a)make provision amending the joint scheme, or
(b)revoke the joint scheme.
(3)The provision that may be made by virtue of sub-paragraph (2)(a) includes—
(a)provision varying the bodies participating in the joint scheme;
(b)provision varying the proportions in which the money to be distributed under section 25(1) under the scheme is attributable to each of the bodies participating in the joint scheme; and
(c)provision for all or any of the actual or contingent rights or liabilities of a body which are attributable to the joint scheme to become rights or liabilities of another body participating in the scheme as amended.
(4)No provision shall be made by virtue of sub-paragraph (2)(a) without the written agreement of the bodies which, if the provision were made, would be the participants in the joint scheme as amended.
(5)This paragraph is without prejudice to section 60(5) or paragraph 9.]
Textual Amendments
F2Sch. 3A para. 8 inserted (2.7.1998) by 1998 c. 22, s. 12(3), Sch. 3.