The Advanced Research and Invention Agency

I1I28Power to dissolve ARIA

1

The Secretary of State may by regulations make provision for the dissolution of ARIA.

2

Regulations may not be made under this section within ten years after the date on which this Act is passed.

3

Before making regulations under this section, the Secretary of State must consult—

a

ARIA, and

b

such other persons as the Secretary of State considers appropriate.

4

Regulations under this section may, in particular—

a

provide for the transfer of property, rights or liabilities of ARIA to the Secretary of State or any other person;

b

create or extinguish rights, or impose or extinguish liabilities, in connection with provision made under paragraph (a);

c

make provision about the continuing effect of things done by ARIA;

d

make provision about the continuation of things (including legal proceedings) in the process of being done by, on behalf of, or in relation to, ARIA when a transfer takes effect;

e

provide for references to ARIA in any instrument or document to be treated as references to another person;

f

make provision about the payment by the Secretary of State or ARIA of compensation to any person who suffers loss or damage as a result of the dissolution.

5

The property, rights or liabilities mentioned in subsection (4)(a) include—

a

property, rights or liabilities that could not otherwise be transferred;

b

property acquired, and rights and liabilities arising, after a transfer;

c

criminal liabilities.

6

Regulations under this section—

a

may transfer rights and liabilities relating to employees, but

b

may not affect the operation of the Transfer of Undertakings (Protection of Employment) Regulations 2006 (S.I. 2006/246).

7

Consequential provision made under this section by virtue of section 10(2) may modify any provision, whenever passed or made, of, or made under—

a

primary legislation, or

b

F1assimilated direct legislation.

8

In subsection (7)—

  • “modify” includes amend, repeal or revoke;

  • “primary legislation” means—

    1. a

      an Act (including this Act);

    2. b

      an Act of the Scottish Parliament;

    3. c

      an Act or Measure of Senedd Cymru;

    4. d

      Northern Ireland legislation.