1(1)The Secretary of State may make one or more property transfer schemes or staff transfer schemes in connection with—U.K.
(a)the establishment of the OfS or UKRI by this Act, or
(b)any of the following ceasing to exist by virtue of this Act—
(i)the Higher Education Funding Council for England,
(ii)the office of Director of Fair Access to Higher Education, or
(iii)a research council listed in section 109(1).
(2)In this Schedule, a “permitted transferor” means the Secretary of State or a body or office listed in sub-paragraph (1)(b).
(3)A “property transfer scheme” is a scheme for the transfer from a permitted transferor of any property, rights or liabilities, other than rights or liabilities under or in connection with a contract of employment, to a permitted transferee.
(4)A “staff transfer scheme” is a scheme for the transfer from a permitted transferor of any rights or liabilities under or in connection with a contract of employment to a permitted transferee.
(5)In this Schedule, a “permitted transferee” means—
(a)the OfS,
(b)UKRI,
(c)the Secretary of State, or
(d)such other person as may be specified by the Secretary of State in the scheme.