Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

PBA definition

What does PBA mean? In nuclear decommissioning practice, a Parent Body Agreement (PBA) is the contract under which the Nuclear Decommissioning Authority (NDA) appoints and incentivises a Parent Body Organisation (PBO) to own and control the Site Licence Company (SLC) that delivers decommissioning on a licensed site. It is the principal agreement between the NDA and the PBO. A PBA typically sets governance and oversight obligations, key personnel and capability commitments, performance and incentive fee arrangements, information, audit and assurance rights, and change, step‑in and termination rights. A central feature is the share transfer mechanism: the PBO acquires and later transfers the SLC’s shares to...

Public Bodies Act 2011: Managing contracts and assets during abolition, merger or modification—audits, VFM, termination/renegotiation, ICT arrangements and software licence reallocation

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Practice notes

ARCHIVED: This Practice Note is archived and not maintained. It considers the Public Bodies Act 2011 (PBA 2011) and the contractual effects that should be assessed where a public body or business is impacted by it.

Background

On 14 October 2010, Francis Maude, the Minister for the Cabinet Office, set out in a written ministerial statement that the arrangements for public bodies required radical reform to enhance transparency and accountability, eliminate duplicated Activity, and bring to an end work that is no longer necessary. In response, the PBA 2011 received Royal Assent on 14 December 2011. The Act is intended to enable the government to simplify the landscape of public bodies by, among other measures, abolishing so‑called quangos (ie quasi‑autonomous non‑governmental organisations). Quangos include non‑departmental public bodies (NDPBs), a term commonly used by the government...

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Web page updated on 21/05/2026

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