The 1981 Act20

1

In so far as it relates to a scheme made under section 60 of the 1981 Act in which the Post Office is the transferor, Schedule 2 to the 1981 Act shall apply on and after 26th March 2001 with the following modifications.

2

The following references in Schedule 2 to the transferor shall be read as references to the nominated company—

a

in paragraph 2, all references other than the second and fourth references in subparagraph (1);

b

in paragraphs 5 and 7, all references; and

c

in paragraph 12, all references other than the reference in subparagraph (1), the first, second and third references in subparagraph (3) and the references in subparagraph (4).

3

The following references in Schedule 2 to the transferor shall be read as including a reference to the nominated company—

a

in paragraph 1(2), the third reference;

b

in paragraph 1(4), the first reference;

c

in paragraph 10, the second reference;

d

the reference in paragraph 6; and

e

in paragraph 12, the reference in subparagraph (1), the first, second and third references in subparagraph (3) and the first, second and fifth references in subparagraph (4).