Transfer of staff and propertyU.K.
25.—(1) An order made under paragraph 20(1)(b) or 21(1)(b) may provide for the new employer to—
(a)prepare a statement of accounts in respect of the financial year to 31st March 2002;
(b)submit a report on the performance of the old employer for the period since the last report under section 18(6) of the 1997 Act to 31st March 2002; or
(c)carry out any other functions necessary or expedient consequent on the dissolution of the old employer.
(2) Section 18(3), (4), (5) and (7) of the 1997 Act shall apply as if they remained in force except that they shall apply as if the accounts or report, as the case may be, mentioned in paragraph (1) had been prepared by the old employer.
Commencement Information
I1Sch. 2 para. 25 in force at 22.3.2002 for specified purposes as notified in the London Gazette (Issue 56510, published 15.3.2002), see art. 1(2)(3)
I2Sch. 2 para. 25 in force at 1.4.2002 in so far as not already in force as notified in the London Gazette (Issue 56517, published 25.3.2002), see art. 1(2)(3)