SupplementaryE+W
285Power to alter sums [F1etc] specified in this PartE+W
(1)The [F2Secretary of State] may by order amend any provision listed in subsection (2)—
(a)by substituting a different sum for the sum for the time being specified in that provision, F3...
F3(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2)The provisions are—
F4...
F5...
section 282(1) ([F6adjusted market value] and market value of fund for purposes of resolution to spend larger fund F7...).
[F8(3)The Secretary of State may by regulations amend—
(a)the period of time specified in section 284A(2)(b), or
(b)the multiplier in the formula set out in section 284B(1),
so as to substitute a different time period or multiplier (as the case may be) for the period or multiplier for the time being specified in that provision.]
Textual Amendments
F1Word in s. 285 heading inserted (14.6.2023) by Charities Act 2022 (c. 6), s. 41(4), Sch. 2 para. 21; S.I. 2023/643, Sch. para. 20(g)
F2Words in s. 285(1) substituted (9.11.2016) by The Transfer of Functions (Elections, Referendums, Third Sector and Information) Order 2016 (S.I. 2016/997), art. 1(2), Sch. 2 para. 25(2)(hh) (with art. 12)
F3S. 285(1)(b) and word omitted (14.6.2023) by virtue of Charities Act 2022 (c. 6), s. 41(4), Sch. 2 para. 18(2); S.I. 2023/643, Sch. para. 20(d)
F4Words in s. 285(2) omitted (7.3.2024) by virtue of Charities Act 2022 (c. 6), s. 41(4), Sch. 2 para. 3(a); S.I. 2024/265, reg. 3, Sch. 1 para. 13(c)
F5Words in s. 285(2) omitted (7.3.2024) by virtue of Charities Act 2022 (c. 6), s. 41(4), Sch. 2 para. 3(b); S.I. 2024/265, reg. 3, Sch. 1 para. 13(c)
F6Words in s. 285(2) substituted (14.6.2023) by Charities Act 2022 (c. 6), s. 41(4), Sch. 2 para. 18(3)(a); S.I. 2023/643, Sch. para. 20(d)
F7Words in s. 285(2) omitted (14.6.2023) by virtue of Charities Act 2022 (c. 6), s. 41(4), Sch. 2 para. 18(3)(b); S.I. 2023/643, Sch. para. 20(d)
F8S. 285(3) inserted (14.6.2023) by Charities Act 2022 (c. 6), ss. 12(3), 41(4); S.I. 2023/643, Sch. para. 4
286Effect of provisions relating to vesting or transfer of propertyE+W
No vesting or transfer of any property in pursuance of any provision of this Part operates as a breach of a covenant or condition against alienation or gives rise to a forfeiture.