Overview

The St. Austell Market Act 2008 transferred the ownership and operation of St. Austell Market and its Market House from the Commissioners of St. Austell Markets and Fairs to St. Austell Market House CIC, a community interest company. This transfer aimed to improve the market's management and preserve the historic Market House building.

Description

This Act officially transferred the St. Austell Market and Market House from the Commissioners to St. Austell Market House CIC. The transfer included all assets, liabilities, and ongoing obligations related to the market's operation. The Commissioners were required to publish a notice in advance of the transfer date. The Act also repealed the outdated St. Austell Market Act 1842, removing restrictive regulations. Existing contracts and legal actions remained valid and transferred to the new operator. The Market House was released from any trusts or restrictions tied to its historical market use. The company may continue to operate the market or expand its activities. Finally, the Commissioners were responsible for the costs of passing the Act.

Government Spending

The Act did not directly involve any government spending. The costs of passing the act were covered by the Commissioners, potentially using market revenue.

Groups Affected

• Commissioners of St. Austell Markets and Fairs: Loss of responsibility for the market, but also release from the obligations and restrictions of the 1842 Act. Responsible for covering the costs of the new Act.
• St. Austell Market House CIC: Acquisition of the market and its assets, assuming all responsibilities for its operation and maintenance.
• Traders at St. Austell Market: Minimal direct impact, though the change in management may lead to future changes in market regulations or fees.
• Residents of St. Austell: Potential for improved market operations and preservation of a local landmark.

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