Commentary on provisions of the Act Schedule 31: Transfer schemes: further provisions Property, rights and liabilities
Paragraph 1 refers to what may be transferred and makes specific provision for rights and liabilities related to contracts of employment to be transferred. Paragraph 1(2) also makes clear that a transfer scheme may create rights or interests, or impose liabilities, in relation to property transferred.
	Paragraph 2 provides that the power to make a scheme for the transfer of property may be exercised so as to create an interest in or right in relation to the property.