Finance Act, 1997

Replacement of harbour authorities by port companies.

48.—(1) In this section and in the Fifth Schedule , “relevant port company” has the meaning assigned to it in paragraph 1 of that Schedule.

(2) The provisions of the Fifth Schedule shall apply where assets are vested in, or transferred to, a relevant port company pursuant to the Harbours Act, 1996 .

(3) This section and the Fifth Schedule shall have effect from the 1st day of March, 1997.