Steel Industry (Nationalisation) Act 2026
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Change 1
25 Supplemental property transfer regulations
(1) This section applies where the Secretary of State has made property transfer regulations under section 15 in respect of property, rights or liabilities of a steel undertaking (the “original regulations”). (2) The Secretary of State may make supplemental property transfer regulations. (3) Supplemental property transfer regulations are property transfer regulations which— (a) provide for property, rights or liabilities to be transferred from the transferor under the original regulations (whether accruing or arising before or after the original regulations); (b) make other provision of a kind that the original property transfer regulations may make under section 15(3) (whether in connection with a transfer under the original regulations or in connection with a transfer under those or other supplemental regulations). (4) Supplemental property transfer regulations are to be treated in the same way as any other property transfer regulations for all other purposes, including for the purposes of the application of a power under this Part. (5) The possibility of making supplemental property transfer regulations in reliance on subsection (2) is without prejudice to the possibility of making of new regulations in accordance with section 15 (and not in reliance on subsection (2) above).
25 Supplemental property transfer regulations
(1) This section applies where the Secretary of State has made property transfer regulations under section 15 in respect of property, rights or liabilities of a steel undertaking (the “original regulations”). (2) The Secretary of State may make supplemental property transfer regulations. (3) Supplemental property transfer regulations are property transfer regulations which— (a) provide for property, rights or liabilities to be transferred from the transferor under the original regulations (whether accruing or arising before or after the original regulations); (b) make other provision of a kind that the original property transfer regulations may make under section 15(3) (whether in connection with a transfer under the original regulations or in connection with a transfer under those or other supplemental regulations). (4) Supplemental property transfer regulations are to be treated in the same way as any other property transfer regulations for all other purposes, including for the purposes of the application of a power under this Part. (5) The possibility of making supplemental property transfer regulations in reliance on subsection (2) is without prejudice to the possibility of making of new regulations in accordance with section 15 (and not in reliance on subsection (2) above).
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