Sch 2 para 20 Transfer of staff and property
(1) The Privy Council may by order provide for the transfer from the old to the new employer of any— (a) eligible employee; and (b) property, rights and liabilities. (2) In this paragraph— (a) “the new employer” means the Council; and (b) “the old employer” means the UKCC. (3) In this paragraph and in paragraph 21— “an eligible employee” means a person who is employed under a contract of employment with the old employer; and “property” includes rights and interests of any description.