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SCHEDULES

SCHEDULE 11Postal transfer schemes

Transfers by two or more postal transfer schemes

22(1)This paragraph applies if there are two or more postal transfer schemes making transfers to new companies.

(2)Paragraph 7 has effect as if—

(a)in sub-paragraph (1)(a) the reference to property or rights transferred in accordance with a postal transfer scheme included property or rights transferred in accordance with another postal transfer scheme, and

(b)in sub-paragraphs (2)(a) and (3) references to a new company included a company that is a new company for the purposes of another postal transfer scheme.

(3)Accordingly, in relation to anything done by a postal transfer scheme as a result of this paragraph, any reference to a new company in paragraphs 13 to 16 includes a company that is a new company for the purposes of another postal transfer scheme.