Explanatory Memorandum

Insolvency (Amendment) Act (Northern Ireland) 2016

2016 CHAPTER 2

29 January 2016

Commentary on Sections

Section 28: Commencement

Subsection (1) provides for sections 26, 28 and 29 to come into operation on the next day after the Act receives Royal Assent.

Subsection (2) provides for commencement of the other provisions of the Act by order made by the Department.

Subsection (3) provides that an order under subsection (2) can contain such transitional or saving provisions as the Department considers appropriate.