General
14Orders and regulations: retrospective provisions
1
Subsections (2) and (3) apply to any order made under section 3, 4, 6 or 12 (a “relevant order”).
2
A relevant order may—
a
provide for any provision made by the order to have retrospective effect as from any appropriate time or any specified later time;
b
make provision for or in connection with, or in consequence of, nullifying the effect of transactions or events taking place after the time in question.
3
“Appropriate time”, in relation to a relevant order, means —
a
the specified time on the date of a statement published by the Treasury of their intention to make an order that would have the same general effect as the relevant order;
b
the specified time on the date on which any transfer was effected by or under a previous relevant order.
4
It is immaterial whether the statement mentioned in subsection (3)(a) is published before or after the passing of this Act.
5
Regulations under section 10 may provide for any of their provisions to have retrospective effect as from any time which is not earlier than 3 months before the day on which this Act is passed.