Section 51 — Pensions Act 2004: Sections 43 to 50: interpretation

Sections 43 to 50: interpretation 51 1 In sections 43 to 50— “ group of companies ” means a holding company and its subsidiaries (and references to a member of a group of companies are to be read accordingly); and “holding company” and “subsidiary” have the meaning given by section 1159 of the Companies Act 2006.

2 For the purposes of those sections—

a references to a debt due under section 75 of the Pensions Act 1995 (c. 26) include a contingent debt under that section, and b references to the amount of such a debt include the amount of such a contingent debt.

3 For the purposes of those sections—

a section 249 of the Insolvency Act 1986 (c. 45) (connected persons) applies as it applies for the purposes of any provision of the first Group of Parts of that Act, b section 435 of that Act (associated persons) applies as it applies for the purposes of that Act, and c section 229 of the Bankruptcy (Scotland) Act 2016 (associated persons) applies as it applies for the purposes of that Act.