110Financial yearE+W
(1)In Schedule 1 to the Audit Commission Act 1998 (c. 18) (which makes provision about the Commission’s financial affairs), in paragraph 11(5) (which defines “financial year” for the purposes of the Schedule as the 12 months ending with 31st October in any year) for “31st October” there is substituted “ 31st March ”.
(2)Subsection (1) shall apply in relation to financial years of the Commission beginning after the one in which this section comes into force.
(3)In relation to the financial year of the Commission in which this section comes into force, Schedule 1 to the Audit Commission Act 1998 shall have effect as if the period referred to in paragraph 11(5) were a period beginning with the 1st November on which the year began and ending with the 31st March 17 months later.
(4)In this section, “the Commission” means the Audit Commission for Local Authorities and the National Health Service in England and Wales.