Horserace Betting Levy Board3.
(1)
In respect of the Horserace Betting Levy Board, the reference in section 31(1) of the Betting, Gaming and Lotteries Act 19634 to audit of the accounts of the Levy Board by qualified accountants appointed for that purpose by the Board shall be read as a reference to audit of those accounts by the Comptroller and Auditor General.
(2)
Accordingly, the Comptroller and Auditor General shall—
(a)
examine, certify and report on the Levy Board’s statements of account in respect of each levy period; and
(b)
send a copy of the statements with the report to the Levy Board.
(3)
In this article, “levy period” is to be construed in accordance with section 27(1) of the Betting, Gaming and Lotteries Act 1963.
(4)
This article has effect only in relation to statements of accounts for levy periods ending on or after 31st March 2013.