408 Transfers of property, rights or liabilities.E+W+S
(1)A Minister of the Crown may by order make provision for or in connection with the transfer to any body or person falling within subsection (2) below of such property, rights or liabilities of a body or person falling within subsection (3) below as he may consider appropriate.
(2)The bodies and persons falling within this subsection are—
(a)the Authority;
(b)any functional body;
(c)any subsidiary of Transport for London;
(d)London Regional Transport or any subsidiary of London Regional Transport;
(e)any local authority or the Common Council;
(f)any police authority established under section 3 of the M1Police Act 1996;
(g)the London Transport Users’ Committee;
(h)any Minister of the Crown or government department;
(i)any body or person, or the holder of any office, established by or under this Act and not falling within the preceding paragraphs of this subsection.
(3)The bodies and persons falling within this subsection are—
(a)any Minister of the Crown or government department;
(b)any London borough council or the Common Council;
(c)London Regional Transport or any subsidiary of London Regional Transport;
(d)any company all the shares in which are held by a Minister of the Crown;
(e)the Receiver for the Metropolitan Police District;
(f)the Commissioner of Police of the Metropolis;
(g)the Development Commission;
(h)the Urban Regeneration Agency;
(i)the Commission for the New Towns;
(j)any body or person, or the holder of any office, for whose abolition or dissolution provision is made by or under this Act and which does not fall within the preceding paragraphs of this subsection.
(4)The power conferred by subsection (1) above is exercisable—
(a)for the general purposes, or any particular purposes, of this Act;
(b)in consequence of, or otherwise in connection with, any provision made by or under this Act;
(c)for giving full effect to this Act; or
(d)in consequence of such of the provisions of any other Act passed—
(i)before the relevant day, within the meaning of section 405 above, or
(ii)in the Session in which that day falls,
as apply to any area, or any body or person, affected by this Act.
(5)The power conferred by subsection (1) above is also exercisable in relation to a transfer of property, rights or liabilities to the London Development Agency for any purpose for which such a transfer may be made by a scheme under the M2Regional Development Agencies Act 1998.
(6)To the extent that an order under subsection (1) above makes provision for or in connection with the transfer of property, rights or liabilities to the London Development Agency from—
(a)the Urban Regeneration Agency, or
(b)the Commission for the New Towns,
section 38 of the M3Regional Development Agencies Act 1998 (relief from Corporation Tax) shall apply in relation to the order as if it were a transfer scheme within the meaning of that section.
(7)An order under subsection (1) above may make provision for or in connection with—
(a)the grant or creation of an estate or interest in, or right over, any land or other property,
(b)the grant or creation of any other rights, or
(c)the imposition of liabilities,
in favour of, or on, any body or person falling within subsection (2) above or any body or person falling within subsection (3) above.
(8)An order under subsection (1) above may make provision for transfers to take effect at such time of day as may be specified in the order.
Commencement Information
I1S. 408: by virtue of s. 425(2) the Act comes into force at Royal Assent in regards to any power of a Minister of the Crown to make regulations or an order
Marginal Citations