SCHEDULES

SCHEDULE 6Transfer schemes

Creation and apportionment of property, rights and liabilities etc.

2I1

1

A scheme may provide for the transfer of property, rights or liabilities that would not otherwise be capable of being transferred or assigned.

2

In particular, it may provide for the transfer to take effect regardless of a contravention, liability or interference with an interest or right that would otherwise exist by reason of a provision having effect in relation to the terms on which the transferor is entitled to the property or right, or subject to the liability, in question.

3

It does not matter whether the provision referred to in sub-paragraph (2) has effect under an enactment or an agreement or in any other way.