SCHEDULES

SCHEDULE 12Minor and consequential amendments

Part 1Postal Services Act 2000

I111

1

Section 70 (extinguishment of certain liabilities) is amended as follows.

2

In subsections (1) and (2), for “the Post Office company or of any of its subsidiaries” substitute “ a relevant company ”.

3

For subsections (3) and (4) substitute—

3

Before exercising a power under subsection (1) or (2), the Secretary of State must consult—

a

the relevant company, and

b

if the relevant company has a parent company, its parent company (or, if it has more than one parent company, the parent company that does not itself have a parent company).