Part 1The National Consumer Council
Abolition: supplementary provision
I135Transfer of property etc
1
This section applies to—
a
the Consumer Council for Postal Services;
b
the Gas and Electricity Consumer Council;
c
if a transfer order has been made under section 32 (whether or not it has taken effect), the Consumer Council for Water;
d
the company called the National Consumer Council (a company limited by guarantee and registered under the Companies Acts).
2
The Secretary of State may direct a body to which this section applies—
a
to make a scheme or schemes for the transfer of its property, rights and liabilities to the Council;
b
to transfer such property, rights or obligations as are specified in the direction to a person (other than the Council) so specified (“the specified transferee”).
3
Before giving, varying or revoking a direction under subsection (2), the Secretary of State must consult—
a
the body to which the direction is to be or has been given,
b
the Council, and
c
in the case of a direction under subsection (2)(b), the specified transferee.
4
A body given a direction under subsection (2)(a) must consult the Council before making a transfer scheme.
5
A transfer scheme made pursuant to a direction under subsection (2)(a) has effect—
a
only if approved by the Secretary of State, and
b
subject to any modifications made by the Secretary of State.
6
Before making any modifications the Secretary of State must consult the body to which the direction was given.
7
The Secretary of State may make a scheme or schemes for the transfer to the Council of the property, rights and liabilities of a body to which this section applies.
8
Schedule 4 makes further provision about transfer schemes.
9
In this section “transfer scheme” means a scheme made under or by virtue of subsection (2)(a) or (7).