My Lords, we have Amendments 14, 15, 32 and 100 in this group. Amendments 14, 32 and 100 concern the provisions in different parts of the Bill for the transfer of liabilities from an existing authority to a new one. My question is the same in each of these examples: will the consent on the part of the person to whom the liability is owed be required, and will there be an indemnity of that person? In the normal commercial world, where a transfer or merger is made by agreement you cannot simply transfer a liability without the other party to the arrangement being involved and agreeing to it. New Section 4C(4) provides that such an arrangement may be permitted, but it does not require it. That applies to three of the four amendments.
Amendment 15 deals with the provision under new Section 4C(5) for a scheme to provide for any modifications—that is, modifications made by agreement after the scheme comes into effect—
“to have effect from the date when the original scheme comes into effect”.
Why is this necessary? It may not technically be retrospective but it could be quite confusing. Is it simply to ensure that any glitches that have been identified are put right from the start—that is how I read it—and what happens if third parties have been affected before the scheme is modified? I beg to move.
6.45 pm