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Ports (Finance) Act 1985

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This is the original version (as it was originally enacted).

4Audit of certain harbour authorities' accounts.

(1)Where by virtue of an existing local provision any function of appointing or revoking the appointment of the auditor of a relevant harbour authority or determining the amount of the remuneration or expenses payable to such an auditor is exercisable by a Minister of the Crown, it shall be exercisable instead by the authority itself; and any requirement that the consent or approval of such a Minister be given with respect to the exercise of such a function shall cease to have effect.

(2)Notwithstanding anything to the contrary in any such provision, a person shall be qualified for appointment as auditor of a relevant harbour authority if, but only if, he would be qualified for the appointment under section 389 of the Companies Act 1985, assuming that the authority were a company to which the provisions of that section other than subsection (2) applied.

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