With this it will be convenient to discuss the following:
Amendment 2, in clause 18, page 9, line 15, at end insert—
“(e) suspend the Office for Students protection action for students.”
This amendment would give the court the power to suspend Office for Students’ student protection action for the period of insolvency in which the education administrator has responsibility for the management of an FE body .
Amendment 3, in clause 28, page 13, line 2, at end insert—
‘(1A) Sums guaranteed under subsection (1) shall include statutory pension obligations payable to staff employed by a further education body subject to an education administration order.”
This amendment would ensure that staff employed by an FE college continue to accrue statutory Teachers Pension Scheme and Local Government Pension Scheme pension obligations? during an education administration.
Amendment 22, in schedule 2, page 30, line 39, at end insert—
“3A The education administrator may not transfer assets of any further education body to a for-profit private company where he or she considers that more than half of the funding of the acquisition of the asset came from public funds.”
This amendment would ensure further education bodies with a track record of accruing assets publicly, could not be transferred to a for-profit private company.