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Transport Act 1968
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Changes over time for: Section 14
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There are multiple versions of this provision on screen. These apply to different geographical extents.
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Sometimes the text of a provision is changed, but the change(s) only apply to a particular geographical area. In some limited cases where this happens, the editorial team create a version for each different geographical area. Multiple versions are only created in this way where the change in question is a substitution so that there are different versions of the text for the different extents. Insertions and repeals of text do not give rise to such multiple versions.
Changes to legislation:
Transport Act 1968, Section 14 is up to date with all changes known to be in force on or before 25 April 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 9(1)(b)(ib) omitted by S.I. 2024/402 Sch. 2 para. 1(b)
- s. 9(1)(b)(ia) words omitted by S.I. 2024/402 Sch. 2 para. 1(a)
- s. 9(1)(c)(ie) substituted by S.I. 2024/402 Sch. 2 para. 1(c)
- s. 97(1)(a)(i) words inserted by S.I. 2019/453 reg. 35(2)(a) (This amendment not applied to legislation.gov.uk. Reg. 35(2) substituted (24.10.2019) by S.I. 2019/1379, regs. 1, 8(a))
- s. 97(1)(a)(ii) words substituted by S.I. 2019/453 reg. 35(2)(b) (This amendment not applied to legislation.gov.uk. Reg. 35(2) substituted (24.10.2019) by S.I. 2019/1379, regs. 1, 8(a))
14 Accounts of Executive.E+W
(1)The Executive for [F3an integrated transport area ] [F4, a combined authority area] [F5, a combined county authority area] or a [F6passenger transport] area shall—
(a)cause proper accounts and other records in relation to their business to be kept; F7. . .
F7(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F8(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F9(3)As soon as the accounts of the Executive for any accounting period have been audited in accordance with the Local Audit and Accountability Act 2014, they must send a copy of the statement of accounts prepared by them for that period under section 3 of that Act, together with a copy of the auditor's opinion on that statement—
(a)to the Secretary of State,
(b)to the Authority, and
(c)to each of the councils of the districts comprised in the county which is coterminous with or includes the Executive's area.]
[F10(4)This section does not apply to—
(a)the West Yorkshire Combined Authority, or
(b)the West Midlands Combined Authority.]
Extent Information
E1This version of this provision extends to England and Wales only; separate versions have been created for Scotland only and for Northern Ireland only
Textual Amendments
F3Words in s. 14(1) inserted (E.W.) (9.2.2009) by Local Transport Act 2008 (c. 26), s. 134(4), Sch. 4 para. 6; S.I. 2009/107, art. 2(1), Sch. 1 Pt. 1
F4Words in s. 14(1) inserted (1.4.2014) by The Combined Authorities (Consequential Amendments) Order 2014 (S.I. 2014/866), art. 1, Sch. para. 7
F5Words in s. 14(1) inserted (E.W.) (26.12.2023) by Levelling-up and Regeneration Act 2023 (c. 55), s. 255(2)(c), Sch. 4 para. 13 (with s. 247)
F6Words in s. 14(1) substituted (E.W.S.) by Transport Act 1985 (c. 67, SIF 126), s. 57(6), Sch. 3 para. 2(a)
F7Word in s. 14(1) and s. 14(1)(b) repealed (E.W.) with saving by Local Government Finance Act 1982 (c. 32, SIF 81:1), S. 38(5), Sch. 6 Pt. IV
F8S. 14(2) repealed (E.W.) with saving by Local Government Finance Act 1982 (c. 32, SIF 81:1), s. 38(5), Sch. 6 Pt. IV
F9S. 14(3) substituted (1.4.2015) by Local Audit and Accountability Act 2014 (c. 2), s. 49(1), Sch. 12 para. 3; S.I. 2015/841, art. 3(x) (with Sch. paras. 1, 7) (as amended (27.6.2016) by S.I. 2016/675, art. 2)
F10S. 14(4) substituted (E.W.) (17.6.2016) by The West Midlands Combined Authority Order 2016 (S.I. 2016/653), art. 1(2), Sch. 2 para. 8
Modifications etc. (not altering text)
C5S. 14(1)(a) excluded (E.W.) by Local Government Finance Act 1982 (c. 32, SIF 81:1), s. 31(3)
S. 14(1)(a) restricted (E.W.) (11.9.1998) by 1998 c. 18, ss. 30(2), 55(2)
C6S. 14(3) applied (with modifications) (10.2.2015) by The Local Audit (Smaller Authorities) Regulations 2015 (S.I. 2015/184), reg. 1, Sch. para. 33
14 Accounts of Executive.S
(1)The Executive for a [F11passenger transport] area shall—
(a)cause proper accounts and other records in relation to their business to be kept;and
(b)prepare an annual statement of accounts in respect of such accounting period, in such form, and containing such particulars, compiled in such manner, as the [F12Authority] may from time to time direct.
(2)The accounts of the Executive shall be audited by an auditor or auditors to be appointed annually by the Authority for the area, and any person so appointed as auditor shall be either the district auditor or some other person [F13who is eligible for appointment as a [F14statutory auditor under Part 42 of the Companies Act 2006] or who is a member of the Chartered Institute of Public Finance and Accountancy;] and any auditor so appointed shall be entitled to require from any officer of the Executive or of any subsidiary of theirs such books, deeds, contracts, accounts, vouchers, receipts, and other documents, and such information and explanations, as may be necessary for the performance of his duties.
(3)So soon as the accounts of the Executive have been audited as aforesaid, they shall send a copy of the statement of accounts referred to in subsection (1)(b) of this section to the Minister, [F15and] to the Authority F16. . . F17. . . together with a copy of the report made by the auditor or auditors on that statement.
Extent Information
E2This version of this provision extends to Scotland only; separate versions have been created for England and Wales only and for Northern Ireland only.
Textual Amendments
F11Words in s. 14(1) substituted (E.W.S.) by Transport Act 1985 (c. 67, SIF 126), s. 57(6), Sch. 3 para. 2(a)
F12Word in s. 14(1)(b) substituted (S.) by Local Government (Scotland) Act 1973 (c. 65, SIF 81:2), Sch. 18 para. 6(a)
F13Words in s. 14(2) substituted (1.10.1991) by virtue of S.I. 1991/1997, reg. 2, Sch. para. 21(2).
F14Words in s. 14(2) substituted (N.I. and S.) (6.4.2008) by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), art. 2(2), Sch. 1 para. 1(k) (with arts. 6, 11, 12)
F15Word in s. 14(3) inserted (S.) by Local Government (Scotland) Act 1973 (c. 65), Sch. 18 para. 6(b)
F16Words s. 14(3) repealed (S.) by Transport Act 1985 (c.67, SIF 126), ss. 57(6), 139(3), Sch. 3 para. 9, Sch. 8
F17Words in s. 14(3) repealed (S.) by Local Government (Scotland) Act 1973 (c. 65), Sch. 29 and repealed (S.) by Transport Act 1985 (c. 67, SIF 126), s. 57(6), Sch. 3 para. 21(3)(b)
14 Accounts of Executive.N.I.
(1)The Executive for a designated area shall—
(a)cause proper accounts and other records in relation to their business to be kept; and
(b)prepare an annual statement of accounts in respect of such accounting period, in such form, and containing such particulars, compiled in such manner, as the Minister may from time to time direct.
(2)The accounts of the Executive shall be audited by an auditor or auditors to be appointed annually by the Authority for the area, and any person so appointed as auditor shall be either the district auditor or some other person [F18who is eligible for appointment as a [F14statutory auditor under Part 42 of the Companies Act 2006] or who is a member of the Chartered Institute of Public Finance and Accountancy;] and any auditor so appointed shall be entitled to require from any officer of the Executive or of any subsidiary of theirs such books, deeds, contracts, accounts, vouchers, receipts, and other documents, and such information and explanations, as may be necessary for the performance of his duties.
(3)So soon as the accounts of the Executive have been audited as aforesaid, they shall send a copy of the statement of accounts referred to in subsection (1)(b) of this section to the Minister, to the Authority for the designated area and to each of the councils of constituent areas, together with a copy of the report made by the auditor or auditors on that statement.
Extent Information
E3This version of this provision extends to Northern Ireland only; separate versions have been created for England and Wales only and for Scotland only
Textual Amendments
F14Words in s. 14(2) substituted (N.I. and S.) (6.4.2008) by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), art. 2(2), Sch. 1 para. 1(k) (with arts. 6, 11, 12)
F18Words in s. 14(2) substituted (1.10.1991) by virtue of S.I. 1991/1997, reg. 2, Sch. para. 21(2).
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