Part 3: Protection for Learners Chapter 2: Education Administration and Administration of Further Education Bodies Section 24: Further education bodies in education administration: application of other insolvency procedures
This section amends section 33 of the Technical and Further Education Act 2017 to extend the Secretary of State’s existing power to make regulations applying insolvency legislation (with modifications) to further education bodies.
Inserted subsection (2A) makes provision that regulations under section 33(1) may provide for any provision of the Insolvency Act 1986 to apply (with modifications) regarding a further education body in education administration.
Inserted subsection (2B) makes provision to clarify that nothing in Schedules 3 or 4 to the Technical and Further Education Act 2017 limits the provision that may be made by regulations under subsection (2A). It expressly states the regulations may amend Schedules 3 and 4, which set out the conduct of education administration for statutory corporations and companies respectively. By being able to amend these schedules, the Secretary of State would be able to ensure they explicitly allow the use of CVAs.