Part 2Local authorities: governance and audit
Chapter 3Audit of entities connected with local authorities
Preliminary
36Overview
(1)
F3(2)
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(3)
In this Chapter, “relevant entity” means—
(a)
a company,
(b)
a limited liability partnership, or
(c)
F4a registered society .
F5(4)
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(5)
In this Chapter, “qualifying Welsh local authority entity” means a relevant entity which—
(a)
is connected with a local authority in Wales, and
(b)
meets such other conditions as the Welsh Ministers may by regulations specify.
(6)
In this Chapter, “local authority” means any body which—
(a)
is a local authority for the purposes of section 21 of the Local Government Act 2003 (c. 26) (see subsection (6) of that section and section 23 of that Act), and
(b)
is required to prepare statements of accounts by regulations made under F6... section 39 of the Public Audit (Wales) Act 2004 (c. 23).
37Notification duties of local authorities
F7(1)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2)
Where it comes to the attention of a local authority in Wales that—
(a)
a relevant entity which is connected with the authority meets the conditions referred to in section 36(5)(b),
(b)
a relevant entity which is connected with the authority has ceased to meet those conditions, or
(c)
a relevant entity which meets those conditions has ceased to be connected with the local authority,
the authority must notify the entity and the Auditor General for Wales accordingly.
(3)
Notification under this section must be within the period of 21 days beginning with the day on which the matter comes to the attention of the local authority.