Section 5 — Duty to report on operation of buy-out arrangements
This version in force from 2019-05-26
Snapshot: 2026-08-24
Reproduced from legislation.gov.uk (Crown Copyright, Open Government Licence v3.0). Amendments made after 2026-08-24 may not be reflected — always check the official text .
(1) The Department must, after the end of each financial year for which buy-out arrangements are published by it, prepare a report on the operation of the arrangements in that year.
(2) A report under this section in respect of a financial year must, in particular, set out—
(a) the number of participants who have received a buy-out payment in that year, and
(b) the total amount of the buy-out payments made by the Department in that year.
(3) In the period while there is no Executive—
(a) the Department must send a report under this section to the Secretary of State, and
(b) the Secretary of State must lay the report before Parliament.
(4) At any other time, the Department must lay a report under this section before the Northern Ireland Assembly.
(5) In this section “the Department”, “buy-out arrangements”, “buy-out payment” and “the period while there is no Executive” have the same meaning as in regulation 23B of the 2012 Regulations (inserted by section 4).