§ Part III of the Transport Act 1980 (railway pensions) has effect subject to the following amendments.
§ . In section 52A(13) (provisions for final discharge of Secretary of State not to affect liability of Board in respect of relevant pension obligations), for "Board" substitute "Authority".
§ . In section 52B(10) (provisions for substitution order not to affect liability of Board in respect of relevant pension obligations), for "Board" substitute "Authority".
§ —(1) Section 53 (meaning of "relevant pension obligations") is amended as follows.
§ (2) In subsection (1)—
- (a) for "Board which were owed" substitute "Authority which were owed by the Board", and
- (b) for "Board arising after the operative date" (in both places) substitute "Authority which arose as an obligation of the Board after the operative date or was never an obligation of the Board".
§ (3) In subsection (4), for "Board" (in each place) substitute "Authority".
§ . In section 59(2) (supplementary), for "they" substitute "the Authority (in the case of a scheme established by the Board) or the Corporation".
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. In section 60(1) (interpretation), before the definition of "the Board" insert—
"the Authority" means the Strategic Rail Authority;".'.
§ No. 275, in page 251, line 5, at end insert—