Search Legislation

The Personal Accounts Delivery Authority Winding Up Order 2010

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As made)

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Citation and commencement

1.  This Order may be cited as the Personal Accounts Delivery Authority Winding Up Order 2010 and shall come into force on 5th July 2010.

Interpretation

2.  In this Order—

“the Act” means the Pensions Act 2007;

“the 2008 Act” means the Pensions Act 2008(1);

“the corporation” means The National Employment Savings Trust Corporation established under section 75 of the 2008 Act(2);

“enactment” includes–

(a)

an enactment contained in subordinate legislation within the meaning of the Interpretation Act 1978(3);

(b)

an enactment contained in, or in an instrument made under, an Act of the Scottish Parliament;

(c)

an enactment contained in, or in an instrument made under, Northern Ireland legislation;

(d)

an enactment contained in, or in an instrument made under, a Measure or Act of the National Assembly for Wales;

“intellectual property” means—

(a)

copyright, rights related to or affording protection similar to copyright and rights in databases, patents, inventions, trade marks, internet domain names, website addresses, trade names, designs, know-how, trade secrets and confidential information; and

(b)

applications for registration, and the right to apply for registration, for any of the rights referred to in paragraph (a) that are capable of being registered in any country or jurisdiction, and all other rights having similar or equivalent effect in any country or jurisdiction;

“records” means documents held by or on behalf of the Authority(4) irrespective of the media or method of storage including in particular—

(a)

all books of account, ledgers, payroll records, income records, registers, reports and information relating to contracts or suppliers;

(b)

all records relating to the Authority’s employees or other staff, including all payroll schedules, pensions records, personnel files and disciplinary records;

(c)

all records of meetings, correspondence and submissions to the Secretary of State;

(d)

all results of research and documents relating to research; and

(e)

all library material, books, reference material and publications;

“transfer date” means the beginning of the 5th July 2010.

Winding up of the Authority

3.  The Authority is wound up and dissolved on the transfer date.

Transfer of property, rights and liabilities

4.  (1)  Subject to paragraph (2), all of the property, rights and liabilities of the Authority, including the property, rights and liabilities described or referred to in Schedule 1, are, on the transfer date, transferred to the corporation.

(2) The property, rights and liabilities described or referred to in Schedule 2 are, on the transfer date, transferred to the Secretary of State.

Effects of the Order in relation to employees

5.  For the purposes of the Transfer of Undertakings (Protection of Employment) Regulations 2006(5), the transfer of property, rights and liabilities from the Authority to the corporation is to be treated as a “relevant transfer” within the meaning of regulation 2 of those Regulations.

Information

6.  (1)  In relation to any property, rights or liabilities that are transferred to the corporation under article 4(1), the Secretary of State shall provide to the corporation on request a copy of any record, or any other information, that she holds and that the corporation needs in order to deal with that property or those rights or liabilities.

(2) In relation to any property, rights or liabilities that are transferred to the Secretary of State under article 4(2), the corporation shall provide to the Secretary of State on request a copy of any record, or any other information, that it holds and that the Secretary of State needs in order to deal with that property or those rights or liabilities.

Continuity in functions

7.  (1)  Where in relation to any property, rights or liabilities that are transferred under article 4, any action has been taken under any enactment, by or against the Authority, that action shall be regarded as having been taken by or against the corporation or the Secretary of State, as the case may be.

(2) Where in relation to any property, rights or liabilities that are transferred under article 4, any legal proceedings have been commenced by or against the Authority, those proceedings may be continued by or against the corporation or the Secretary of State, as the case may be.

Repeals and savings

8.  (1)  Subject to paragraphs (2) and (3), the following provisions are repealed—

(a)sections 20 and 22 of the Act;

(b)Schedule 6 to the Act; and

(c)sections 79 to 85 of the 2008 Act.

(2) Paragraph 17 of Schedule 6 to the Act shall continue to apply in relation to the report on the exercise of the Authority’s functions during the financial year ending on 31st March 2010, as if—

(a)in sub-paragraph (1), for “Authority” there were substituted “The National Employment Savings Trust Corporation established under section 75 of the Pensions Act 2008”; and

(b)in sub-paragraph (2), paragraph (aa) were omitted(6).

(3) Paragraph 19 of Schedule 6 to the Act shall continue to apply in relation to the accounting records and statement of accounts of the Authority in respect of the financial year ending on 31st March 2010, as if—

(a)in sub-paragraphs (1) to (3), for “Authority” there were substituted “The National Employment Savings Trust Corporation established under section 75 of the Pensions Act 2008”;

(b)in sub-paragraph (1)(a), after “records” there were inserted “in respect of the Authority”; and

(c)in sub-paragraph (1)(b), after “in respect of” there were inserted “the activities of the Authority in”.

Annual report and accounts for the year 2010/2011

9.  In relation to the financial year ending on 31st March 2011, Schedule 1 to the 2008 Act shall apply as if—

(a)in paragraph 17—

(i)in sub-paragraphs (1) and (2)(a), after “trustee corporation’s” there were inserted “and the Authority’s”; and

(ii)in sub-paragraph (2)(b), after “trustee corporation” there were inserted “or the Authority”;

(b)in paragraph 20—

(i)in sub-paragraph (1)(a), after “accounting records” there were inserted “in respect of itself and the Authority”; and

(ii)in sub-paragraph (1)(b), after “statement of accounts” there were inserted “in respect of the affairs of itself and of the Authority”; and

(c)in paragraph 26(1), before the definition of “financial year”, there were inserted ““the Authority” means the Personal Accounts Delivery Authority;”.

Signed by authority of the Secretary of State for Work and Pensions.

Angela Eagle

Minister of State,

Department for Work and Pensions

22nd March 2010

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

Opening Options

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

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

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 enactedversion 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 made 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