(1)The Welsh Ministers may enter into arrangements under which rights of theirs in respect of student loans are transferred to another person.
(2)In subsection (1) “student loans” means loans made by the Welsh Ministers in accordance with regulations under section 22 of the Teaching and Higher Education Act 1998.
(3)The provisions of this Act apply in relation to arrangements made under subsection (1) (“Welsh transfer arrangements”) as to arrangements made under section 1(1).
(4)In connection with Welsh transfer arrangements references to the Secretary of State are to be read as references to the Welsh Ministers, except in—
(a)section 2(4)(a),
(b)section 2(5) in so far as it has effect by virtue of section 2(6), and
(c)section 5(2) and (3).
(5)Nothing in this Act confers a power on the Welsh Ministers to make regulations under a provision which does not otherwise confer power on them; in particular, the provision permitted to be made by virtue of sections 5(2) and (3) and 6(2)(b) is to be made by the Secretary of State in connection with Welsh transfer arrangements.
(6)Section 4 does not apply to Welsh transfer arrangements.