6(1)In this Part of this Schedule—E+W+S
“PPP scheme” means a transfer scheme made in preparation for, or in pursuance of, a PPP agreement;
“predecessor”, in relation to any relevant transfer, means the body from which the property, rights or liabilities in question are transferred by virtue of the PPP scheme in question;
“private sector company” means a company which is not a public sector operator;
“relevant transfer” means a transfer of any property, rights or liabilities by virtue of a PPP scheme;
“transfer date”, in the case of a relevant transfer, means the date on which the transfer takes effect;
“transfer scheme” means a scheme made under or by virtue of section 9(6) of the M1London Regional Transport Act 1984;
“transferee”, in relation to a relevant transfer, means the body to which the property, rights or liabilities in question are transferred by virtue of the PPP scheme in question.
(2)Any reference in this Part of this Schedule to a PPP agreement includes a reference to a contract—
(a)which is not a PPP agreement, by reason of the condition in subsection (6) of section 210 of this Act remaining to be satisfied (whether or not the condition in subsection (5) of that section also remains to be satisfied); but
(b)as respects which London Regional Transport certifies to the Commissioners of Inland Revenue—
(i)that the contract is intended by the parties to become a PPP agreement; and
(ii)that such one or more of the parties as may be specified in the certificate are intended to become PPP companies.
(3)In the case of a contract falling within sub-paragraph (2) above, any reference in this Schedule to a PPP company includes a reference to any company in respect of which the certificate under paragraph (b)(ii) of that sub-paragraph is given.
(4)Except where the context otherwise requires, expressions used in this Part of this Schedule and in Chapter VII of Part IV of this Act have the same meaning in this Part of this Schedule as they have in that Chapter.
Marginal Citations