Search Legislation

Defence Reform Act 2014

Status:

This is the original version (as it was originally enacted).

General

11Financial provisions

There is to be paid out of money provided by Parliament any expenditure of the Secretary of State incurred—

(a)in connection with the formation of any company formed with a view to, or for any purpose of, the provision of defence procurement services or otherwise in connection with the establishment of arrangements mentioned in section 1;

(b)in assuming responsibility for any liabilities of a company which is or has been concerned in or in connection with the provision of defence procurement services which are liabilities arising out of the provision of such services or liabilities to or in respect of persons employed or formerly employed in or in connection with the provision of such services.

12Interpretation of this Part

(1)In this Part—

  • “company” means a company as defined in section 1(1) of the Companies Act 2006;

  • “contractor” has the meaning given by section 1(8);

  • DE&S” has the meaning given by section 1(8);

  • “defence procurement” has the meaning given by section 1(8);

  • “defence procurement services” has the meaning given by section 1(8);

  • “defence purposes” has the meaning given by section 1(8);

  • “the departmental defence procurement undertaking” has the meaning given by section 1(8);

  • “formed”, in relation to a company, includes the alteration of the company’s articles so as to add, remove or alter a statement of the company’s objects;

  • “Minister of the Crown” has the same meaning as in the Ministers of the Crown Act 1975;

  • “property” includes interests of any description;

  • “publicly owned company” means a company which is—

    (a)

    a company limited by shares in which no one other than a relevant person holds any of the shares, or

    (b)

    a company limited by guarantee of which no one other than a relevant person is a member;

  • the “TUPE regulations” means the Transfer of Undertakings (Protection of Employment) Regulations 2006 (S.I. 2006/246);

  • “the vesting date” means a day appointed by the Secretary of State by order made by statutory instrument.

(2)In the definition of “publicly owned company” in subsection (1), “relevant person” means—

(a)a Minister of the Crown,

(b)a publicly owned company, or

(c)a nominee of a person falling within paragraph (a) or (b).

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

See additional information alongside the content

Show Explanatory Notes for Sections: Displays relevant parts of the explanatory notes interweaved within the legislation content.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources