Decision

That it be DETERMINED that:

(a)      The Council be authorised to enter into the Commercial Transfer Agreement, in the form set out in Appendix 2, which takes into account the principle that risk and liability does not transfer back to the Council and in respect of which the funds and reserves to manage the risks/liabilities will transfer to the Academy and consequently the Council should be in no worse position because of the transfer.

(b)      The Council does not offer to pool with the Academy, in respect of the pension fund liabilities in the Greater Manchester Pension Fund.

(c)      the Assistant Director, Finance or their nominated representative be authorized to execute any necessary Greater Manchester Pension Fund for Transferee Admission Bodies documentation.