SCHEDULES

SCHEDULE 5Transfer schemes: further provision

Contents of transfer scheme

I13

A transfer scheme may contain provision—

a

for the creation, in relation to property which the scheme transfers, of an interest in or right over the property in favour of the transferor,

b

for the creation in favour of the Service of an interest in or right over property retained by the transferor,

c

for the creation of any rights or liabilities as between the transferor and the Service,

d

for any rights or liabilities specified or described in the scheme to be, or to be to any extent, enforceable by or against the transferor or the Service, or

e

for imposing on the transferor and the Service an obligation to enter into written agreements with, or execute other instruments in favour of, each other.