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Changes over time for: Paragraph 25


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 31/12/2020.
Changes to legislation:
There are currently no known outstanding effects for the Postal Services Act 2011, Paragraph 25.

Changes to Legislation
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This section has no associated Explanatory Notes
25U.K.Paragraph 99 (charges and liabilities upon vacation of office by administrator) is to have effect as if—
(a)in sub-paragraph (4), for the words from the beginning to “cessation”, in the first place, there were substituted “A sum falling within sub-paragraph (4A)”,
(b)after that sub-paragraph there were inserted—
“(4A)A sum falls within this sub-paragraph if it is—
(a)a sum payable in respect of a debt or other liability arising out of a contract that was entered into before cessation by the former postal administrator or a predecessor,
(b)a sum that must be repaid by the company in respect of a grant that was made before cessation under section 79 of the Postal Services Act 2011 as is mentioned in subsection (4) of that section,
(c)a sum that must be repaid by the company in respect of a loan made before cessation under that section or that must be paid by the company in respect of interest payable on such a loan,
(d)a sum payable by the company under subsection (5) of section 80 of that Act in respect of an agreement to indemnify made before cessation, or
(e)a sum payable by the company under subsection (5) of section 81 of that Act in respect of a guarantee given before cessation.”, and
(c)in sub-paragraph (5), for “(4)” there were substituted “(4A)(a)”.
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