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(1)There is to be a tribunal, known as the First-tier Tribunal, for the purpose of exercising the functions conferred on it under or by virtue of this Act or any other Act.
(2)There is to be a tribunal, known as the Upper Tribunal, for the purpose of exercising the functions conferred on it under or by virtue of this Act or any other Act.
(3)Each of the First-tier Tribunal, and the Upper Tribunal, is to consist of its judges and other members.
(4)The Senior President of Tribunals is to preside over both of the First-tier Tribunal and the Upper Tribunal.
(5)The Upper Tribunal is to be a superior court of record.