The Local Audit (Delegation of Functions) and Statutory Audit (Delegation of Functions) Order 2014

Payment of amounts of financial penalties (less costs) by designated body to Secretary of State

8.—(1) The designated body must, subject to paragraph (2), pay the amount of a financial penalty under section 1225D of the Act(1) to the Secretary of State as soon as reasonably practicable after it is paid to the body.

(2) The designated body may deduct and retain from the amount of any financial penalty a sum in respect of its reasonable costs incurred in relation to the imposition of that penalty up to the time of the giving of the relevant notice under section 1225E(5) of the Act.

(3) The costs of the designated body referred to in paragraph (2) are—

(a) its administrative costs (including any administrative costs incurred in determining that the requirement or obligation in respect of which the financial penalty was imposed had not been complied with);

(b) its costs of obtaining legal advice (including any legal advice in connection with determining that the requirement or obligation in respect of which the financial penalty was imposed had not been complied with);

(c) any other costs incurred in determining that the requirement or obligation in respect of which the financial penalty was imposed had not been complied with.

(1)

Section 1225D was inserted by S.I. 2012/1741.