Public Bodies Citation, commencement and interpretation 1 1 This Order may be cited as the Public Bodies (Abolition of British Shipbuilders) Order 2013. 2 Subject to paragraph (3), this Order comes into force on the day after the day on which it is made. 3 Paragraph 15 of Schedule 1 comes into force on the day after that on which the other provisions of this Order come into force. 4 In this Order— “Secretary of State” means the Secretary of State for Business, Innovation and Skills; “subsidiary” has the meaning given by section 1159 of the Companies Act 2006 . Transfer of certain property, rights and liabilities to the Secretary of State 2 1 The property, rights and liabilities of British Shipbuilders are transferred to the Secretary of State. 2 The property and rights of the subsidiaries of British Shipbuilders are transferred to the Secretary of State. 3 The liabilities of the subsidiaries of British Shipbuilders are transferred to the Secretary of State. 4 For the purposes of paragraph (3) any subsidiary of British Shipbuilders that was dissolved before this article comes into force is to be treated as if it had not been so dissolved. Transfer of property, rights and liabilities: supplemental 3 1 Paragraph (2) applies to anything (including legal proceedings) that— a relates to property, rights or liabilities vested in the Secretary of State by virtue of article 2, and b on the coming into force of this article, is in the process of being done by or in relation to British Shipbuilders or a subsidiary of British Shipbuilders. 2 The thing may continue to be done by, or in relation to, the Secretary of State. 3 Paragraph (4) applies to anything done by, or in relation to, British Shipbuilders or a subsidiary of British Shipbuilders that relates to property, rights or liabilities vested in the Secretary of State by virtue of article 2. 4 The thing is to be treated as having been done by, or in relation to, the Secretary of State (so far as is necessary for continuing its effect after this article comes into force). 5 Paragraph (6) applies to any document that— a relates to property, rights or liabilities vested in the Secretary of State by virtue of article 2, and b has effect immediately before this article comes into force. 6 Any reference in the document to British Shipbuilders or to a subsidiary of British Shipbuilders is to be read as a reference to the Secretary of State. 7 In this article any reference to a subsidiary of British Shipbuilders includes a reference to a subsidiary that was dissolved before this article comes into force. Abolition of British Shipbuilders 4 1 British Shipbuilders is abolished immediately after the transfer of its property, rights and liabilities to the Secretary of State under article 2(1). 2 The subsidiaries of British Shipbuilders are abolished immediately after the transfer of their property, rights and liabilities to the Secretary of State under article 2(2) and (3). 3 The reporting duties of British Shipbuilders in respect of its final accounting year must, after its abolition, be discharged by the Secretary of State. 4 The reporting duties of British Shipbuilders are— a its duties under section 17(1)(b) and (c) of the Aircraft and Shipbuilding Industries Act 1977 (statements of accounts), and b its duties under section 18 of that Act (annual report). 5 The final accounting year of British Shipbuilders is the period which begins on 1st April 2012 and ends on the abolition of British Shipbuilders. Amendments consequential etc 5 Schedules 1 and 2 (which make consequential etc provision on the abolition of British Shipbuilders and the associated transfer scheme) shall have effect. Michael Fallon Minister of State for Business and Enterprise Department for Business, Innovation and Skills 21st March 2013