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Advanced Research and Invention Agency Act 2022
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- UK Public General Acts
- 2022 c. 4
- SCHEDULE 2
- Paragraph 1
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1(1)The Secretary of State may make one or more property transfer schemes or staff transfer schemes.
(2)A “property transfer scheme” is a scheme for the transfer to ARIA from a permitted transferor of any property, rights or liabilities, other than rights or liabilities under or in connection with a contract of employment.
(3)A “staff transfer scheme” is a scheme for the transfer to ARIA from a permitted transferor of any rights or liabilities under or in connection with a contract of employment.
(4)In this Schedule, a “permitted transferor” means the Secretary of State or United Kingdom Research and Innovation.
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