Section A54(1)

In this Part— company means— a company registered under the Companies Act 2006 in England and Wales or Scotland, or an unregistered company that may be wound up under Part 5 of this Act; the court means such court as is prescribed; eligible, in relation to a company, has the meaning given by Schedule ZA1; employer, in relation to a pension scheme— in sections A8(2)(c), A17(8)(c) and A39(8)(c), means an employer within the meaning of section 318(1) of the Pensions Act 2004; elsewhere in this Part, has the same meaning that it has for the purposes of Part 2 of the Pensions Act 2004 (see section 318(1) and (4) of that Act); enactment includes an Act of the Scottish Parliament and an instrument made under such an Act; hire-purchase agreement includes a conditional sale agreement, a chattel leasing agreement and a retention of title agreement; liability means (subject to subsection (2)) a liability to pay money or money's worth, including any liability under an enactment, a liability for breach of trust, any liability in contract, tort, delict or bailment, and any liability arising out of an obligation to make restitution; money purchase scheme has the meaning given by section 181(1) of the Pension Schemes Act 1993; the monitor, in relation to a moratorium, means the person who has the functions of the monitor in relation to the moratorium (see also section A40 for cases where two or more persons act as the monitor); moratorium means a moratorium under this Part; moratorium debt has the meaning given by section A53; occupational pension scheme has the meaning given by section 1 of the Pension Schemes Act 1993; pension scheme has the meaning given by section 1 of the Pension Schemes Act 1993; pre-moratorium debt has the meaning given by section A53; qualified person means a person qualified to act as an insolvency practitioner; unable to pay its debts— in relation to a registered company, has the same meaning as in Part 4 (see section 123); in relation to an unregistered company, has the same meaning as in Part 5 (see sections 222 to 224).

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Source: legislation.gov.uk · retrieved 2026-09-04