TTM17181 - Schedule 22 Finance Act 2000: Part IV the training requirement - Para 28 supplementary provisions about training commitments

FA00/SCH22/PARA28

(1) »Ê¹ÚÌåÓýapp Secretary of State may make provision by regulations-

(a) as to the form and contents of a training commitment;

(b) requiring an application for approval of a training commitment to be in such form and contain such information as may be prescribed;

(c) authorising the Secretary of State, when considering a training commitment, to consult any prescribed person involved in the training of seafarers;

(d) as to the procedure to be followed where the Secretary of State is minded not to approve a training commitment.

(2) »Ê¹ÚÌåÓýapp Secretary of State may make provision by regulations-

(a) enabling him, on the application of the company or group concerned, to adjust a training commitment (to any extent) to take account of changed circumstances;

(b) requiring an application for adjustment to be in such form and contain such information as may be prescribed;

(c) authorising the Secretary of State, when considering an application for adjustment, to consult any prescribed person involved in the training of seafarers;

(d) as to the procedure to be followed where the Secretary of State is minded not to make the adjustment applied for.

(3) »Ê¹ÚÌåÓýapp Secretary of State may by regulations make such provision as he thinks appropriate as to the effect in relation to a training commitment of a merger or other transaction resulting in a change of control of one or more companies.

References

»Ê¹ÚÌåÓýapp Tonnage Tax (Training Requirement) Regulations 2000 TTM19000
Ìý Ìý

Ìý