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Oil and Pipelines Act 1985

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This is the original version (as it was originally enacted).

Meaning of " accounting year "

10(1)In this Schedule " accounting year" means, subject to sub-paragraph (2) below, the period beginning with the day on which section 1 of this Act comes into force and ending with 31st December 1986 and every subsequent period of twelve months beginning immediately after the end of the previous accounting year.

(2)If the Secretary of State so directs in relation to an accounting year, that accounting year shall end on such date as may be specified in the direction (whether before or after the date on which it would otherwise end).

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