4(1)For the purposes of paragraph 10(2) of Schedule 1 to the [1963 c. 49.] Contracts of Employment Act 1963 and section 13(1) of the [1965 c. 62.] Redundancy Payments Act 1965 (which relate to changes of ownership of businesses), there shall be deemed to be transferred to the Authority on the appointed day the business of any body which by virtue of section 27(1) of this Act is to cease or has ceased to have functions conferred on it in pursuance of section 7 of the [1949 c. 67.] Civil Aviation Act 1949 ; and a body whose business is deemed for those purposes to be transferred by virtue of this paragraph shall on the appointed day be deemed for the purposes of the said section 13(1) to terminate in connection with the transfer its contracts of employment with persons employed by it immediately before the appointed day.
(2)In the application of the preceding sub-paragraph to Northern Ireland, for the reference to the said Act of 1963 and the references to section 13(1) of the said Act of 1965 there shall be substituted respectively a reference to the [1965 c. 19 (N.I.).] Contracts of Employment and Redundancy Payments Act (Northern Ireland) 1965 and references to section 23(1) of the last-mentioned Act.