11(1)Section 70 (extinguishment of certain liabilities) is amended as follows.U.K.
(2)In subsections (1) and (2), for “the Post Office company or of any of its subsidiaries” substitute “ a relevant company ”.
(3)For subsections (3) and (4) substitute—
“(3)Before exercising a power under subsection (1) or (2), the Secretary of State must consult—
(a)the relevant company, and
(b)if the relevant company has a parent company, its parent company (or, if it has more than one parent company, the parent company that does not itself have a parent company).”
Commencement Information
I1Sch. 12 para. 11 in force at 1.10.2011 by S.I. 2011/2329, art. 3