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(1)A principal council shall have power to enter into an agreement with any associated company, or with any subsidiary of an associated company, for the provision by the council for that company or (as the case may be) for that subsidiary of any administrative, professional or technical services.
(2)Any agreement under this section shall include provision for payment of proper commercial charges in respect of services to be provided under the agreement.
(3)Where a principal council have entered into an agreement under this section, the accounts of that council shall' include a separate account in respect of that agreement and—
(a)in England and Wales, section 24 of the [1982 c. 32.] Local Government Finance Act 1982 (rights of inspection) shall apply in relation to any such separate account as it applies in relation to any statement of accounts prepared by the council pursuant to regulations under section 23 of that Act; and
(b)in Scotland, sections 101 and 105 of the [1973 c. 65.] Local Government (Scotland) Act 1973 (rights of inspection and regulations as to accounts) shall have effect as if any reference to an abstract of the accounts of an authority included a reference to any such separate account.
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