In this Part "postal administration order" means an order which—
is made by the court in relation to a company which is a universal service provider, and
directs that, while the order is in force, the company's affairs, business and property are to be managed by a person appointed by the court.
The person appointed in relation to a company for the purposes of a postal administration order is referred to in this Part as the postal administrator of the company.
The postal administrator of a company must—
manage the company's affairs, business and property, and
exercise and perform all the powers and duties conferred or imposed on the postal administrator of the company,
so as to achieve the objective set out in section 69.
In relation to a postal administration order applying to a foreign company, references in this section to the company's affairs, business and property are references to its UK affairs, business and property.