12.—(1) Where a statutory transition committee in relation to a new council ceases to exist, regulations 4 and 5 of the Local Government (Accounts and Audit) Regulations (Northern Ireland) 2006 shall apply as if—
(a)reference to a chief financial officer of that committee were a reference to the chief financial officer of that new council; and
(b)reference to that committee were a reference to the new council in relation to which that committee were established.