SCHEDULES

SCHEDULE 12 Broadcasting: Transfer of Undertakings of Independent Broadcasting Authority and Cable Authority

Disposal by IBA of DBS assets to DBS programme contractor: chargeable gains

3

1

For the purposes of the 1979 Act the disposal under the principal Act of any relevant asset by the IBA to a DBS programme contractor shall be deemed to be for a consideration such that no gain or loss accrues to the IBA.

2

In this paragraph—

a

“relevant asset” means any equipment or other asset (of whatever description) which has been used or held by the IBA in connection with the transmission of DBS services; and

b

“DBS programme contractor” and “DBS service” have the meaning given by section 37(3) of the M1Cable and Broadcasting Act 1984.