Schedule 2, Part I, paragraph 1

In this Part of this Schedule— “authority” means an existing disposal authority as defined in section 32(1); “company” means a waste disposal contractor formed under the Companies Act 1985 by a waste disposal authority as mentioned in section 30(5); “direction” means a direction under section 32(2); “joint company” means a company in which more than one authority holds securities; “securities”, in relation to a company includes shares, debentures, bonds or other securities of the company, whether or not constituting a charge on the assets of the company; and “the vesting date” means the date on which property, rights and liabilities vest in a company by virtue of a transfer scheme under paragraph 6 below.

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Source: legislation.gov.uk · retrieved 2026-07-30