SCHEDULES

SCHEDULE 12Minor and consequential amendments

Part 1Postal Services Act 2000

15

(1)

Section 74 (further provisions relating to the capital structure of the Post Office company) is amended as follows.

(2)

In the heading, for “the Post Office company” substitute “ certain relevant companies ”.

(3)

In subsection (1), for “the Post Office company” substitute “ a company within subsection (1A) ”.

(4)

After that subsection insert—

“(1A)

A company is within this subsection if—

(a)

it is a relevant company,

(b)

it is wholly owned by the Crown, and

(c)

it does not have a parent company.”

(5)

In subsection (3)—

(a)

for “The Post Office company” substitute “ A company within subsection (1A) ”, and

(b)

at the end insert “ (or their nominees) ”.

(6)

In subsection (4), after “the Secretary of State” insert “ (or a nominee of the Secretary of State) ”.

(7)

In subsection (7)(b), for “the Post Office company” substitute “ the relevant company ”.