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Enterprise Act 2002 (repealed)

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Changes over time for: Section 272

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Version Superseded: 01/04/2014

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Point in time view as at 06/04/2008. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the Enterprise Act 2002 (repealed), Section 272. Help about Changes to Legislation

272 Insolvency Services AccountsF1U.K.

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(1)Section 405 of the Insolvency Act 1986 (operation of Investment Account) shall cease to have effect.

(2)The following shall be substituted for section 408 of that Act (recourse to Consolidated Fund)—

408 Adjustment of balances

(1)The Treasury may direct the payment out of the Consolidated Fund of sums into—

(a)the Insolvency Services Account;

(b)the Investment Account.

(2)The Treasury shall certify to the House of Commons the reason for any payment under subsection (1).

(3)The Secretary of State may pay sums out of the Insolvency Services Account into the Consolidated Fund.

(4)The National Debt Commissioners may pay sums out of the Investment Account into the Consolidated Fund.

Textual Amendments applied to the whole legislation

F1Act: for the words "solicitor of the Supreme Court of Northern Ireland" wherever they occur there is substituted (prosp.) the words "solicitor of the Court of Judicature of Northern Ireland" by virtue of Constitutional Reform Act 2005 (c. 4), ss. 59, 148(1), Sch. 11 para. 5 [Editorial Note: this amendment will be carried through into the text of the Act at the same time as any other effects on the Act for the year in which the relevant commencement order (or first such order) is made]

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