(1)The Authority shall, in formulating and carrying out plans for the general conduct of their undertaking and the undertakings of their subsidiaries, act on lines settled from time to time by the Authority with the approval of the Secretary of State.
(2)The Authority shall as respects work involving an outlay on capital account—
(a)from time to time settle a general programme of work, and
(b)if the Secretary of State so requests, settle a programme of work in respect of a particular project or category of projects,
and submit the programme to the Secretary of State for his approval.
(3)The Authority shall not carry out a project involving substantial outlay on capital account, and shall exercise control over their subsidiaries so as to secure that they do not carry out such a project, except—
(a)in accordance with a general programme approved by the Secretary of State, and
(b)where the Secretary of State has requested the Authority to settle a programme relating wholly or partly to the project concerned, in accordance with a programme settled in pursuance of the request and approved by the Secretary of State.
(4)This section does not affect the power of the Secretary of State to give directions under section 3 of the M1Atomic Energy Authority Act 1954.
Marginal Citations
(1)Section 1 of the Atomic Energy Authority Act 1954 (constitution of the Authority) is amended as follows.
(2)Subsection (8) (duty to lay statements of remunerations, &c. of members before Parliament) is repealed.
(3)After that subsection insert—
“(8A)The terms of appointment of a member of the Authority may, with the approval of the Treasury, entitle him to compensation to be paid by the Authority on his ceasing to be a member.
(8B)Where a person ceases to be a member of the Authority otherwise than on the expiry of his term of office and is not entitled to compensation under the terms of his appointment, but it appears to the Secretary of State that there are special circumstances which make it right that he should receive compensation, the Secretary of State may, with the approval of the Treasury, require the Authority to make to that person a payment of such amount as may be determined by the Secretary of State with the approval of the Treasury.”.
(1)The Authority have power, and shall be deemed always to have had power, to exploit commercially by selling, licensing the use of or otherwise dealing with any intellectual property—
(a)resulting from research and development carried out by the Authority or carried out by another person in pursuance of arrangements with the Authority, or
(b)which is at the disposal of the Authority by virtue of arrangements for the exchange of results of research and development or the carrying out of research and development in collaboration with another person.
(2)For this purpose “intellectual property” includes patents, trademarks, copyrights [F1, design rights], registered designs and any other scientific or technical information of commercial value.
Textual Amendments
F1Words inserted by Copyright, Designs and Patents Act 1988 (c. 48, SIF 67A), s. 303(1), Sch. 7 para. 33
Modifications etc. (not altering text)
C1S. 8(2) amended (31.10.1994) by 1994 c. 26, s. 106(1), Sch. 4 para. 1(2); S. I. 1994/2550, art. 2