Part 1 Arrangements in Connection with Abolition of Audit Commission
Local Audit and Accountability Act 2014 (2014 c 2) | Legislation

SCHEDULE 1 Abolition of Audit Commission: Supplementary Provision

Section 1

Part 1 Arrangements in Connection with Abolition of Audit Commission

Transfer of property, rights and liabilities

1

(1)     The Secretary of State may make one or more schemes for the transfer of property, rights and liabilities of the Audit Commission to a person or persons specified in the scheme.

(2)     The things that may be transferred under a transfer scheme include—

(a)     property, rights and liabilities that could not otherwise be transferred;

(b)     property acquired, and rights and liabilities arising, after the making of the scheme.

(3)     A transfer scheme may make consequential, supplementary, incidental or transitional provision and may in particular—

(a)     create rights, or impose liabilities, in relation to property or rights transferred;

(b)     make provision about the continuing effect of things done by the transferor in respect of anything transferred;

(c)     make provision about the continuation of things (including legal proceedings) in the process of being done by, on behalf of or in relation to the transferor, in respect of anything transferred;

(d)     make provision for references to the transferor in an instrument or other document in respect of anything transferred to be treated

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Repudiation

RepudiationThis Practice Note concerns repudiation and sets out what a repudiatory breach of contract means. It explains how a repudiatory breach goes to the core of the contract and the options or remedies available to an innocent party as a result of the other party’s repudiation, which include

LEXISNEXIS

Subrogation in insurance and reinsurance

Subrogation in insurance and reinsuranceWhat is the right of subrogation?In the context of insurance and reinsurance, the right of subrogation entitles an insurer or reinsurer, having indemnified the (re)insured, to ‘step into its shoes’ to bring an action in the (re)insured’s name. For the purpose

LEXISNEXIS

Unless orders

Unless ordersThis Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further below.This Practice Note provides guidance on

LEXISNEXIS

CPR Part 8 claims (alternative procedure for claims)

CPR Part 8 claims (alternative procedure for claims)This Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further