Valid from 31/01/2019
35E+WParagraph 111 (interpretation) is to have effect as if the following were substituted for it—
“111(1)In this Schedule—
“administrative receiver” has the meaning given by section 251,
“ “appropriate national authority”—
(a)in relation to a company conducting a designated further education institution in England, means the Secretary of State;
(b)in relation to a company conducting a designated further education institution in Wales, means the Welsh Ministers;
“designated further education institution” has the meaning given by section 5;
“education administrator” includes a reference to a former education administrator, where the context requires;
“enters education administration” has the meaning given by paragraph 1;
“floating charge” means a charge which is a floating charge on its creation;
“governing body”, in relation to a designated further education institution, means any board of governors of the institution or any persons responsible for the management of the institution, whether or not formally constituted as a governing body or board of governors;
“hire-purchase agreement” includes a conditional sale agreement, a chattel leasing agreement and a retention of title agreement;
“in education administration” has the meaning given by paragraph 1;
“market value” means the amount which would be realised on a sale of property in the open market by a willing vendor;
“the relevant institution” in relation to company, means the institution which the company is established to conduct;
“senior post holder”, in relation to a relevant institution, means a person appointed as a senior post holder at the institution.
(2)For the purposes of this Schedule a reference to an education administration order includes a reference to an appointment under paragraph 91 or 103.
(3)In this Schedule a reference to action includes a reference to inaction.”