This section has no associated Explanatory Notes
11(1)Section 70 (extinguishment of certain liabilities) is amended as follows.U.K.
(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).”
Commencement Information
I1Sch. 12 para. 11 in force at 1.10.2011 by S.I. 2011/2329, art. 3