PART 5 Other Provision made under the European Communities Act 1972

CHAPTER 5 Amendments to priority of debts in insolvency

Further Amendment of Insolvency Legislation

Housing and Regeneration Act 2008
124. The Housing and Regeneration Act 2008 applies as if it were modified as follows—
2008 c. 17.
(a) in section 152 (proposals), in subsection (4)—
Section 152 was amended by S.I. 2014/3486 and S.I. 2018/1244.
(i) in paragraph (d)(ii), the final “or” were omitted;
(ii) after paragraph (d)(iii), there were inserted—

“or
(iv) a tertiary non-preferential debt being paid otherwise than in priority to a quaternary non-preferential debt.”;

(b) in section 275 (general), after ““tertiary non-preferential debt”” there were inserted “, “quaternary non-preferential debt””;
Section 275 was amended by the Charities Act 2011 (c. 25) Schedule 7(2) paragraph 135, the Co-operative and Community Benefit Societies Act 2014 (c. 14) Schedule 4(2) paragraphs 122 and 136, the Housing and Planning Act 2016 (c. 22) Schedule 4(4) paragraph 38 and Schedule 6 paragraph 9, S.I. 2014/2486 and S.I. 2018/1244.
(c) in section 276 (index of defined terms), in the table, there were inserted the following entry at the appropriate place—

“Quaternary non-preferential debt	Section 275”.

Section 276 was amended by the Localism Act 2011 (c. 20) Schedule 16(1) paragraph 53 and Schedule 25(26) paragraph 1, the Co-operative and Community Benefit Societies Act 2014 (c. 14) Schedule 4(2) paragraph 123 and paragraph 137, the Housing and Planning Act 2016 (c. 22) Schedule 6 paragraph 10, S.I. 2010/844, S.I. 2018/1040 and S.I. 2018/1244.