Draft Public Finances (Transitional Provisions – States Trading Operations No. 2) (Jersey) Regs 200-

STATES OF JERSEY

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DRAFT PUBLIC FINANCES (TRANSITIONAL PROVISIONS – STATES TRADING OPERATIONS No.  2) (JERSEY) REGULATIONS  200-

Lodged au Greffe on 11th October 2005 by the Finance and Economics Committee

STATES GREFFE

REPORT

The Public Finances (Jersey) Law 2005 (the “Finance Law”) has been approved by the UK Privy Council and registered  in  the  Royal  Court  and  is  expected  to  come  into  force  on  the  commencement  of  Ministerial Government.

The Law enables the States to designate any disparate area of administration as a trading operation through the approval of Regulations. The attached Regulations have been prepared in order to confirm the current Committee for Postal Administration as a states trading operation under the terms of the 2005 Finance Law. The current Committee for Postal Administration has Trading Committee status under the terms of the 1967 Finance Law.

It had originally been intended that Jersey Post would have been incorporated before the commencement of Ministerial Government, however, it is now likely that incorporation will take place after that date. The attached Regulations establish Jersey Post as a States trading operation until its incorporation.

There are no financial or manpower implications for the States arising from these Draft Regulations.

Explanatory Note

These transitional Regulations will establish Jersey Post as a trading operation. States trading operations are provided for by Part  4 of the Public Finances (Jersey) Law 2005.

This is to cover the period between when Committees are abolished and the incorporation of Jersey Post.

Made     [ d a te to b e i n se r t ed ]   Coming into force   [ d a t e to b e i n s e rt e d ]

THE STATES, in pursuance of Article 71 of the Public Finances (Jersey) Law 2005, have made the following Regulations –

1 D e signation of Jersey Post

1. I n this Regulation –

“commencement day” means the day Article 25 of the 2005 Law comes into force; “Committee” means the Committee for Postal Administration;

“Jersey Post” means the disparate area of operation of the States designated to be a States trading operation by paragraph (2);

“1967 Law” means the Public Finances (Administration) (Jersey) Law 1967;[1] “2005 Law” means the Public Finances (Jersey) Law 2005.[2]

2. O  n the commencement day the disparate areaof operation ofthe States that wasthe responsibility of the  Committee  immediately before  that  day,  being the  administration, management, operation, financing, development and maintenance of the postal services of Jersey Post, shall betaken to have been designatedto be a States trading operation inaccordance with Regulations madeunder Article 25 ofthe2005Law.
3. T he States trading operation so designated is to be known asJersey Post.
4. T  he trading operationtobeundertakenby Jersey Post shallbe the administration,management, operation, financing, developmentandmaintenanceof the postal services of Jersey Post.
5. O  n the commencement day moneystandingto the credit of the trading fund establishedunder Article 32 ofthe1967Lawin respect of the Committee shall betakentobestandingtothe credit of a trading fund maintainedby Jersey Post.

2 C i tation and commencement

1. T  hese Regulations maybe cited as the Public Finances (Transitional Provisions – States Trading Operations No. 2) (Jersey) Regulations  200-.
2. T hey shall come into force onthe seventh day after they are made.

1. Chapter 24.900.
2. L.14/2005.