3(1)The transfer of designated property, rights and liabilities under a transfer scheme takes effect on the date (or dates) specified in or determined in accordance with the scheme.
(2)Sub-paragraph (1) has effect notwithstanding any provision (whether under an enactment or agreement or otherwise) that would otherwise prevent or restrict the transfer.
(3)The things that may be transferred under a transfer scheme include—
(a)rights, powers, duties and liabilities under or in connection with a contract of employment (see paragraph 4);
(b)property, rights and liabilities that could not otherwise be transferred;
(c)property acquired, and rights and liabilities arising, after the making of the scheme;
(d)criminal liabilities.
Commencement Information
I1Sch. 9 para. 3 in force at Royal Assent, see s. 334(2)(h)(ii)