1In this Part of this Schedule—
“authority” means an existing disposal authority as defined in section 32(1);
“company” means a waste disposal contractor formed under the M1Companies Act 1985 by a waste disposal authority as mentioned in section 30(5);
“direction” means a direction under section 32(2);
“joint company” means a company in which more than one authority holds securities;
“securities”, in relation to a company includes shares, debentures, bonds or other securities of the company, whether or not constituting a charge on the assets of the company; and
“the vesting date” means the date on which property, rights and liabilities vest in a company by virtue of a transfer scheme under paragraph 6 below.