
1 
This Order may be cited as the Driver and Vehicle Agency Trading Fund Order (Northern Ireland) 2016 and comes into operation on 1st April 2016.
2 
In this Order—
 “additional assets and liabilities” means the Crown assets and liabilities which are described in Schedule 2 to this Order and are properly attributable to the additional funded operations;
 “additional funded operations” means those funded operations of the Driver and Vehicle Agency which are described in Schedule 1 to this Order which do not fall within the scope of the funded operations described in Schedule 1 to the principal order;
 “Driver and Vehicle Agency” means the part of the Department of the Environment known as the Driver and Vehicle Agency;
 “the fund” means the trading fund established by the principal order; and
 “the principal order” means the Driver and Vehicle Testing Agency Trading Fund Order (Northern Ireland) 1996.
3 
The principal order shall be varied in accordance with Articles 4 to 7.
4 
In Schedule 1 to the principal order for paragraphs 1 to 5 substitute paragraphs 1 to 6 of Schedule 1 to this Order.
5 
The additional assets and liabilities shall be appropriated as assets and liabilities of the fund.
6 
50% of the amount by which the value of the additional assets exceeds the amount of the additional liabilities less the amount of revaluation reserve associated with those additional assets, shall be treated as additional public dividend capital of the fund.
7 
The fund shall be known as the Driver and Vehicle Agency Trading Fund.
Sealed with the Official Seal of the Department of the Environment on 15th March 2016
Elizabeth Loughran
A senior officer of the
Department of the Environment
The Department of Finance and Personnel concurs in the making of this Order.Sealed with the Official Seal of the Department of Finance and Personnel on 15th March 2016
Emer Morelli
A senior officer of the
Department of Finance and Personnel

SCHEDULE 1
Articles 2 and 4
1 
The—
(a) inspection, examination, testing and weighing of vehicles, their parts, accessories, equipment and loads;
(b) supervision and licensing of drivers and motorcyclists;
(c) administration of the Register of Approved Driving Instructors;
(d) Register of Approved Motorcycle Instructors; and
(e) driving records.
2 
The enforcement of laws relating to, or connected with, vehicles in so far as such enforcement does not fall within paragraph 1.
3 
The licensing and regulation of passenger carrying operators, vehicles and drivers.
4 
The provision of authority required for carrying on activities relating to vehicles and authorisation to drive, in so far as such provision does not fall within paragraph 1 or 2.
5 
The promotion of road and vehicle safety and of environmental protection in connection with vehicles and vehicle drivers in so far as such promotion does not fall within paragraph 1, 2 or 4.
6 
The carrying out of operations incidental, conducive or otherwise ancillary to the conduct of the operations described above.
SCHEDULE 2
Articles 2 and 5
Assets as at 1st April 2016 attributable to the additional funded operations being—
(a) land and buildings;
(b) equipment, vehicles, fixtures, furniture, fittings and computer hardware and software;
(c) intangible assets, including intellectual property; and
(d) current assets (net of current liabilities).

Liabilities as at 1st April 2016 attributable to the additional funded operations being provisions.
