(1)The Leader of the House of Commons may by regulations made by statutory instrument abolish—
(a)the Sponsor Body;
(b)the Estimates Commission.
(2)Regulations under subsection (1)(a) may provide for the transfer of functions, property, rights or liabilities from the Sponsor Body to such other person as the Leader of the House of Commons considers appropriate.
(3)But regulations under subsection (1)(a) may not provide for the transfer of anything to a person who has not consented to the transfer.
(4)The things that may be transferred by virtue of subsection (1)(a) include—
(a)property, rights and liabilities that could not otherwise be transferred;
(b)property acquired, and rights and liabilities arising, after the making of the regulations.
(5)Regulations under subsection (1)(a) may—
(a)create rights, or impose liabilities, in relation to property or rights transferred;
(b)make provision about the continuing effect of things done by the Sponsor Body in respect of anything transferred;
(c)make provision about the continuation of things (including legal proceedings) in the process of being done by, on behalf of or in relation to the Sponsor Body in respect of anything transferred;
(d)if the Transfer of Undertakings (Protection of Employment) Regulations 2006 (S.I. 2006/246) do not apply in relation to the transfer, make provision that is the same or similar;
(e)make other consequential, supplementary, incidental or transitional provision (including consequential provision amending or repealing any provision of this Act).
(6)Regulations under subsection (1)(b) may make consequential, supplementary, incidental or transitional provision (including consequential provision amending or repealing any provision of this Act).
(7)References in this section to rights and liabilities include rights and liabilities relating to a contract of employment.
(8)Before making regulations under subsection (1), the Leader of the House of Commons—
(a)must consult the Corporate Officer of the House of Commons, the Corporate Officer of the House of Lords and the House Commissions;
(b)must obtain the consent of the Leader of the House of Lords.
(9)A statutory instrument containing regulations under subsection (1) may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.