54Interpretation
(1)In this Chapter—
“audit authority” has the meaning given by section 36(2);
“Audit Commission” means the Audit Commission for Local Authorities and the National Health Service in England;
“company” has the same meaning as in Part 16 of the Companies Act 2006 (c. 46) (see section 1 of that Act);
“financial year”—
(a)in relation to a company, has the same meaning as in Part 16 of the Companies Act 2006 (see section 390 of that Act);
(b)in relation to a limited liability partnership, has the same meaning as in Part 16 of the Companies Act 2006 (as it applies in relation to limited liability partnerships);
(c)in relation to an industrial and provident society, means a year of account within the meaning of the Friendly and Industrial and Provident Societies Act 1968 (c. 55) (see section 21 of that Act);
“industrial and provident society” means a society registered (or deemed to be registered) under the Industrial and Provident Societies Act 1965 (c. 12);
“limited liability partnership” means a limited liability partnership formed under the Limited Liability Partnerships Act 2000 (c. 12) or the Limited Liability Partnerships Act (Northern Ireland) 2002 (c. 12 (N.I.));
“local authority” has the meaning given by section 36(6);
“qualifying English local authority entity” has the meaning given by section 36(4);
“qualifying Welsh local authority entity” has the meaning given by section 36(5);
“relevant entity” has the meaning given by section 36(3).
(2)In this Chapter references to an entity being “connected with” a local authority are to be construed in accordance with subsection (6) of section 212 of the Local Government and Public Involvement in Health Act 2007 (c. 28).