1982 c. 32.

http://www.legislation.gov.uk/ukpga/1985/67/schedule/7/crossheading/the-local-government-finance-act-1982/1991-02-01Transport Act 1985An Act to amend the law relating to road passenger transport; to make provision for the transfer of the operations of the National Bus Company to the private sector; to provide for the reorganisation of passenger transport in the public sector; to provide for local and central government financial support for certain passenger transport services and travel concessions; to make further provision with respect to the powers of London Regional Transport; to make new provision with respect to the constitution, powers and proceedings of the Transport Tribunal; to make provision with respect to grants payable under section 92 of the Finance Act 1965; to establish a Disabled Persons Transport Advisory Committee; and for connected purposes.1985-10-30texttext/xmlenStatute Law Database2024-06-111991-02-01 SCHEDULESSCHEDULE 7 Minor and Consequential Amendments The Local Government Finance Act 198222(1)

In section 31 of the Local Government Finance Act 1982 (Passenger Transport Executives and their subsidiaries), for subsection (4) (power of Secretary of State to apply Part III of that Act to subsidiaries of Executives) there shall be substituted the following subsection—(4)

Where a Passenger Transport Executive have a subsidiary, it shall be their duty to exercise their control over that subsidiary so as to ensure that the subsidiary appoints only auditors who, in addition to being qualified for appointment as such auditors in accordance with section 389 of the Companies Act 1985, are approved by the Commission for appointment as auditors of that subsidiary.

(2)

In subsection (6) of that section, for the words from “the company” to the end there shall be substituted the words “subsection (4) above shall not apply, but it shall be the joint duty of the Executive and the other body or bodies concerned to exercise such control over the company as the Executive are required by that subsection to exercise over a subsidiary of theirs.”.

(3)

In section 36(1) of that Act (interpretation of Part III), in the definition of “auditor”, after the word “means” there shall be inserted the words “(except in section 31(4) above)”.

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<p>Where a Passenger Transport Executive have a subsidiary, it shall be their duty to exercise their control over that subsidiary so as to ensure that the subsidiary appoints only auditors who, in addition to being qualified for appointment as such auditors in accordance with section 389 of the Companies Act 1985, are approved by the Commission for appointment as auditors of that subsidiary.</p>
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<p>In subsection (6) of that section, for the words from “the company” to the end there shall be substituted the words “subsection (4) above shall not apply, but it shall be the joint duty of the Executive and the other body or bodies concerned to exercise such control over the company as the Executive are required by that subsection to exercise over a subsidiary of theirs.”.</p>
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<p>In section 36(1) of that Act (interpretation of Part III), in the definition of “auditor”, after the word “means” there shall be inserted the words “(except in section 31(4) above)”.</p>
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