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There are outstanding changes not yet made by the legislation.gov.uk editorial team to Transport Act 1962. Any changes that have already been made by the team appear in the content and are referenced with annotations.
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Commencement Orders bringing legislation that affects this Act into force:
(1)Subject to the next following section, each of the Boards and the Holding Company shall have power to pay pensions and enter into obligations under pension schemes.
(2)Each of the Boards and the Holding Company shall have power to lend money to be applied for the purposes of a pension scheme under which any of those bodies, or a subsidiary of any of those bodies, pay employer’s contributions or are subject to any other obligations, but shall not exercise that power without the consent of the Minister.
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