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New Towns Act 1981, Section 68 is up to date with all changes known to be in force on or before 28 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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(1)The accounts F1... of every development corporation shall be audited by an auditor to be appointed annually by the Secretary of State in relation to the F2... corporation.
[F3(2)A person shall not be so appointed auditor unless he is eligible for appointment as a [F4statutory auditor under Part 42 of the Companies Act 2006].]
F5(2A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)As soon as the annual [F6accounts of] a development corporation for any financial year have been audited, the [F6corporation] shall send to the Secretary of State a copy of the accounts prepared by [F7it] for that year in accordance with this section, together with a copy of any report made by the auditor on those accounts.
Textual Amendments
F1Words in s. 68(1) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 21(2)(a), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F2Words in s. 68(1) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 21(2)(b), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F3S. 68(2) substituted (1.10.1991) by S.I. 1991/1997, reg. 2, Sch. para. 41 (with reg. 4).
F4Words in s. 68(2) substituted (6.4.2008) by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), art. 2(2), Sch. 1 para. 1(x) (with arts. 6, 11, 12)
F5S. 68(2A) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 21(3), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F6Words in s. 68(3) substituted (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 21(4); S.I. 2009/803, art. 3(1)
F7Word in s. 68(3) substituted (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 21(4); S.I. 2009/803, art. 3(1)
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