S. 73 extended by Transport Act 1968 (c. 73), s. 136

S. 73 amended (E.W.) by London Regional Transport Act 1984 (c. 32, SIF 126), s. 25(1)

http://www.legislation.gov.uk/ukpga/Eliz2/10-11/46/section/73/2003-07-15Transport Act 1962An Act to provide for the re-organisation of the nationalised transport undertakings now carried on under the Transport Act 1947, and for that purpose to provide for the establishment of public authorities as successors to the British Transport Commission, and for the transfer to them of undertakings, parts of undertakings, property, rights, obligations and liabilities; to repeal certain enactments relating to transport charges and facilities and to amend in other respects the law relating to transport, inland waterways, harbours and port facilities; and for purposes connected with the matters aforesaid.1981-03-01texttext/xmlenStatute Law Database2024-11-12Expert Participation2003-07-15Part IV Miscellaneous and General Provisions relating to the Boards
73 The powers of the Boards and the Holding Company as regards pensions and pension schemes. (1)

Subject to the next following section, each of the Boards and the Holding Company shall have power to pay pensions and enter into obligations under pension schemes.

(2)

Each of the Boards and the Holding Company shall have power to lend money to be applied for the purposes of a pension scheme under which any of those bodies, or a subsidiary of any of those bodies, pay employer’s contributions or are subject to any other obligations, but shall not exercise that power without the consent of the Minister.

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S. 73 extended by
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S. 73 amended (E.W.) by
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