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SCHEDULES

SCHEDULE 4Priority in Bankruptcy etc

Interpretation

4(1)In this Schedule—

(a)in its application in England and Wales, section 196(3) of the Companies Act 1985 and section 387 of the Insolvency Act 1986 apply as regards the meaning of the expression “the relevant date”; and

(b)in its application in Scotland, that expression has the same meaning as in Part I of Schedule 3 to the [1985 c. 66.] Bankruptcy (Scotland) Act 1985.

(2)In this Schedule references to a contracted-out scheme, contracted-out employment and a state scheme premium include references to a contracted-out scheme, contracted-out employment and a state scheme premium (other than a personal pension protected rights premium) within the meaning of any provisions in force in Northern Ireland and corresponding to the provisions of this Act.