Advanced Research and Invention Agency Act 2022

8 Power 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) retained direct EU legislation.

(8) In subsection (7)—

• “modify” includes amend, repeal or revoke;

• “primary legislation” means—

  (a)

  an Act (including this Act);

  (b)

  an Act of the Scottish Parliament;

  (c)

  an Act or Measure of Senedd Cymru;

  (d)

  Northern Ireland legislation.