Explanatory Notes

Postal Services Act 2000

2000 CHAPTER 26

28 July 2000

Commentary on Sections

Part IV Reorganisation of the Post Office

Section 62: Transfer of property etc. to nominated company

91.Section 62 permits the Secretary of State, after consulting the Post Office, to transfer by order all the property, rights and liabilities of the Post Office to a company wholly owned by the Crown which has been formed under the Companies Act 1985. He may vary or revoke the order with a subsequent order before any transfer has taken place. Further provisions about the transfer are made in Schedule 3.