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Postal Services Act 2000
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- Blanket amendment text amended by S.I. 2011/1043 art. 3 4
- Blanket amendment text amended by S.I. 2011/1043 art. 3 6
- Act transfer of functions by S.I. 2009/1885 art. 2(1)
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 39A inserted by 2007 c. 17 Sch. 1 para. 31
- s. 61A inserted by 2007 c. 17 Sch. 5 para. 3(3)
- s. 89A inserted by 2011 c. 5 Sch. 12 para. 24
- s. 104A inserted by 2011 c. 5 Sch. 12 para. 35
- s. 105A inserted by 2011 c. 5 Sch. 12 para. 37
Commencement Orders yet to be applied to the Postal Services Act 2000:
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Commencement Orders bringing legislation that affects this Act into force:
- S.I. 2003/766 art. 2 commences (2002 c. 40)
- S.I. 2003/1397 art. 2 commences (2002 c. 40)
- S.I. 2003/1900 art. 2 commences (2003 c. 21)
- S.I. 2003/3142 art. 2-4 commences (2002 c. 11 and 2003 c. 21)
- S.I. 2004/641 art. 2-5 commences (2003 c. 37)
- S.I. 2004/827 art. 2-4 commences (2003 c. 20)
- S.I. 2005/1444 art. 2 commences (2005 c. 14)
- S.I. 2005/2714 art. 2-4 commences (2003 c. 37)
- S.I. 2006/1014 art. 2 Sch. 1 2 commences (2005 c. 4)
- S.I. 2006/3272 art. 2 Sch. 1-3 commences (2005 c. 19)
- S.I. 2007/2584 art. 2 commences (2006 c. 26)
- S.I. 2007/2709 art. 2-6 commences (2007 c. 15)
- S.I. 2007/3546 art. 3 Sch. commences (2007 c. 17)
- S.I. 2008/2550 art. 2 Sch. commences (2007 c. 17)
- S.I. 2010/52 art. 2 commences (2009 c. 26)
- S.I. 2011/2329 art. 2 3 commences (2011 c. 5)
- S.I. 2011/3044 art. 2 commences (2011 c. 5)
- S.R. 2007/194 art. 2 commences (S.I. 2006/3336 (N.I.))
- S.R. 2009/375 art. 2 commences (2009 c. 8)
67 Approved disposals.E+W+S+N.I.
This section has no associated Explanatory Notes
(1)Prior approval is given in accordance with this section if the proposed issue or disposal is approved by a resolution of each House of Parliament passed on a motion moved by or on behalf of the Secretary of State.
(2)The motion shall, in particular, specify—
(a)the size and nature of the proposed issue or disposal,
(b)the person to whom the proposed issue or disposal is to be made, and
(c)the purpose of the proposed issue or disposal.
(3)No such motion shall be moved by or on behalf of the Secretary of State in relation to a proposed issue or disposal of shares or share rights in the Post Office company unless—
(a)the Post Office company has agreed to be a party to a joint venture, or another arrangement for working together with another person, which the Post Office company considers to be in its commercial interests,
(b)the arrangement includes the proposed issue or disposal,
(c)the Post Office company has recommended to the Secretary of State that the proposed issue or disposal take place,
(d)the Secretary of State is satisfied that the proposed issue or disposal is for the purpose of securing the arrangement in question and that the arrangement is in the commercial interests of the Post Office company, and
(e)the Treasury have given their consent to the proposed issue or disposal.
(4)No such motion shall be moved by or on behalf of the Secretary of State in relation to a proposed issue or disposal of shares or share rights in a relevant subsidiary unless—
(a)the Post Office company or the relevant subsidiary has agreed to be a party to a joint venture, or another arrangement for working together with another person, which the Post Office company considers to be in the commercial interests of the Post Office company,
(b)the arrangement includes the proposed issue or disposal,
(c)the Post Office company has recommended to the Secretary of State that the proposed issue or disposal take place,
(d)the Secretary of State is satisfied that the proposed issue or disposal is for the purposes of securing the arrangement in question and that the arrangement is in the commercial interests of the Post Office company, and
(e)the Treasury have given their consent to the proposed issue or disposal.
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