Part 3Personal Accounts Delivery Authority
23Winding up of the Authority
F11
The Secretary of State may by order provide for the winding up and dissolution of the Authority.
2
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
An order under this section may, in particular—
a
provide for the transfer of property, rights or liabilities of the Authority to the Secretary of State F3or any other person;
b
provide, in connection with provision made under paragraph (a)—
i
for the creation of interests in property transferred;
ii
for the creation of rights and liabilities in relation to such property;
iii
for interests, rights and liabilities to be extinguished;
c
provide for the payment by the Secretary of State or the Authority of compensation to any person who suffers loss or damage as a result of the provision made for the winding up of the Authority.
6
An order under this section may make—
a
such consequential, incidental or supplemental provision, and
b
such transitional, transitory or saving provision,
as the Secretary of State thinks necessary or expedient in connection with, or in consequence of, the winding up and dissolution of the Authority.
7
An order under this section may also contain provision repealing any provision of
b
sections 79 to 85 of the Pensions Act 2008.
8
No order may be made under this section unless a draft of the order has been laid before and approved by a resolution of each House of Parliament.