EXPLANATORY MEMORANDUM TO THE PUBLIC AUDIT (WALES) ACT 2004 (TRANSFER OF PROPERTY, RIGHTS AND LIABILITIES

EXPLANATORY MEMORANDUM TO THE PUBLIC AUDIT (WALES) ACT 2004 (TRANSFER OF PROPERTY, RIGHTS AND LIABILITIES OF THE AUDIT COMMISSION FOR LOCAL AUTHORITIES AND THE NATIONAL HEALTH SERVICE IN ENGLAND AND WALES) ORDER 2005 2005 No. 550 1. This explanatory memorandum has been prepared by the Wales Office and is laid before Parliament by Command of Her Majesty. 2. Description This instrument makes provision in exercise of powers conferred on the Secretary of State for Wales by section 68 of, and paragraphs 1 and 2 of Schedule 3 to the Public Audit (Wales) Act 2004 (“the Act”) for the preparation of a scheme to transfer to the Auditor General for Wales defined property, rights and liabilities of the Audit Commission for Local Government and the National Health Service in England and Wales ("the Audit Commission") . Article 1 provides for the citation of the Order and specifies the transfer date as 1 April 2005. Article 2 provides for the transfer of all property, rights and liabilities in relation to the premises identified in Schedule 1 to the Order to which the Audit Commission was entitled or subject immediately before the transfer date, subject to certain exceptions set out in Article 4 (1) and (2). Article 3 provides for the transfer of the property in and all rights and liabilities in respect of personal or other moveable property whether or not in or on the premises transferring, if it is for use by Audit Commission staff in ...