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Section 408: Adjustment of balances

Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk

Part XIV: Public Administration (England and Wales)

The Treasury may direct the payment out of the Consolidated Fund of sums into—

the Insolvency Services Account;
the Investment Account.

The Treasury shall certify to the House of Commons the reason for any payment under subsection (1).

The Secretary of State may pay sums out of the Insolvency Services Account into the Consolidated Fund.

The National Debt Commissioners may pay sums out of the Investment Account into the Consolidated Fund.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.