During the moratorium (see sections 42 and 43) the Welsh Ministers may make proposals as to the future ownership and management of the land held by the registered social landlord, designed to secure the continued proper management of the landlord's land by a registered social landlord.
In drawing up its proposals the Welsh Ministers—
The Relevant Authority shall also consult—
So far as practicable no proposals shall be made which have the effect that unsecured creditors of the landlord are in a worse position than they would otherwise be.
Where the landlord is a charity the proposals shall not require the landlord to act outside the terms of its trusts, and any disposal of housing accommodation occupied under a tenancy or licence from the landlord must be to another charity whose objects appear to the Welsh Ministers to be, as nearly as practicable, akin to those of the landlord.
The Relevant Authority shall serve a copy of its proposals on—
and it shall make such arrangements as it considers appropriate to see that the members, tenants and unsecured creditors of the landlord are informed of the proposals.