1(1)The property, rights and liabilities that may be the subject of a transfer scheme include in particular—
(a)rights and liabilities relating to contracts of employment;
(b)property, rights and liabilities that would not otherwise be capable of being transferred or assigned by the transferor;
(c)property acquired after the making of the scheme and rights and liabilities arising after the making of the scheme;
(d)rights and liabilities under an enactment.
(2)A transfer scheme may—
(a)create rights or interests in relation to property for whose transfer the scheme provides or property retained by the transferor;
(b)create rights and liabilities as between the transferor and a transferee or as between different transferees.
(3)A transfer scheme may contain provision about enforcement, by or against any one or more of the transferor and the transferee or transferees, of a right or liability for whose transfer or creation the scheme provides.
(4)A transfer scheme may define the property, rights and liabilities to be transferred or property to be retained by the transferor—
(a)by specifying it or them;
(b)by describing it or them.
(5)A description of property, rights or liabilities may be framed in particular—
(a)by reference to the transferor’s undertaking;
(b)by reference to a specified part of that undertaking.