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Changes over time for: Section 24
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 02/07/2012
Status:
Point in time view as at 06/04/2008. This version of this provision has been superseded.
Status
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Changes to legislation:
There are currently no known outstanding effects for the Transport Act 1962, Section 24.
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24 Accounts. U.K.
(1)Each Board—
(a)shall cause proper accounts and other records in relation thereto to be kept, and
(b)shall prepare an annual statement of accounts in such form and containing such particulars, compiled in such manner, as the Minister may from time to time direct with the approval of the Treasury [and, in the case of the British Waterways Board, the Scottish Ministers].
(2)The accounts of each Board shall be audited by an auditor or auditors to be appointed annually by the Minister [after, in the case of the British Waterways Board, consultation with the Scottish Ministers] and a person [shall not be so appointed unless he is eligible for appointment as a [statutory auditor under Part 42 of the Companies Act 2006].]
(3)So soon as the accounts of a Board have been audited as aforesaid, they shall send a copy of the statement of accounts referred to in paragraph (b) of subsection (1) of this section to the Minister [and, in the case of the British Waterways Board, to the Scottish Ministers], together with a copy of the report made by the auditor or auditors on that statement, and a copy of that statement and of any such report shall be included in the report which is under this Act to be laid by the Minister annually before each House of Parliament [and in the report which is, under this Act, to be laid by the Scottish Ministers annually before the Scottish Parliament].
(4)Section thirty-nine of the Railway and Canal Traffic Act 1888, and the Railway Companies (Accounts and Returns) Act 1911 (which relate to the making of returns and the keeping of statistics by railway and canal companies), and, except so far as the Minister may by order made by statutory instrument otherwise provide, so much of any statutory provision as relates to the accounts, statistics and returns to be kept or made by the owners of undertakings which were by the Transport Act 1947, transferred to the Commission, or as relates to the audit or publication of any such accounts, shall not apply to any of the Boards.
Textual Amendments
Modifications etc. (not altering text)
Marginal Citations
Yn ôl i’r brig