HL Deb 21 June 2000 vol 614 c405

4C.—(1) The provisions of Schedule 10 to the 1989 Act (supplementary provisions as to transfers) shall apply to any transfer which is effected by paragraph 4B—

  1. (a) with the modifications made by sub-paragraphs (2) and (3); and
  2. (b) to the extent mentioned in those provisions as modified by those sub-paragraphs;
and paragraph 4B shall have effect subject to those provisions as so modified.

(2) For the purpose of its application to a transfer effected by paragraph 4B, Schedule 10 to the 1989 Act shall apply as if—

  1. (a) paragraphs 2(4) and (5), 3 and 6(2) and in paragraphs 4(4)(b) and 8(1) and (2) the words "or of a direction under paragraph 2(4) above" were omitted;
  2. (b) any reference to transfers effected in pursuance of a transfer scheme were references to transfers effected by paragraph 4B;
  3. (c) any reference to the transferor were a reference to the supplier;
  4. (d) any reference to a transfer of all property, rights and liabilities comprised in a specified part of the transferor's undertaking were a reference to a transfer of all (or all but as much as may be excepted) of the property, rights and liabilities comprised in a specified part of the supplier's undertaking;
  5. (e) any reference to a transferee of a specified part or any other part of the transferor's undertaking were a reference to a transferee of a specified part or any other part of the supplier's undertaking; and
  6. (f) any reference to the transfer date were a reference to the effective date for the transfer scheme.

(3) For the purposes of sub-paragraph (2)(a),(b), (d) and (e), any property, rights or liabilities retained by the supplier in pursuance of the transfer scheme shall be deemed to be transferred to the supplier by paragraph 4B in pursuance of the scheme.