s 26 Onward property transfer
(1) This section applies where the Secretary of State has made property transfer regulations in respect of a steel undertaking under section 15 (“ the original regulations ”). (2) The Secretary of State may make onward property transfer regulations. (3) Onward property transfer regulations are property transfer regulations which— (a) provide for property, rights or liabilities of the transferee under the original regulations to be transferred (whether accruing or arising before or after the original regulations); (b) make other provision for the purposes of, or in connection with, the transfer of property, rights or liabilities of the transferee (whether the transfer has been or is to be effected by those regulations, by other property transfer regulations or otherwise). (4) Onward property transfer regulations may relate to property, rights or liabilities of the transferee under the original regulations whether or not they were transferred under the original regulations. (5) Onward property transfer regulations may transfer property, rights or liabilities to any person other than the transferor under the original regulations. (6) Subject to subsection (5) , onward 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.