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This is the original version (as it was originally enacted).
(1)The Scheme shall include provision—
(a)for such person or persons as the Secretary of State considers appropriate to make an annual report to him; and
(b)for the report—
(i)to be made as soon as possible after the end of each financial year; and
(ii)to cover the operation of, and the discharge of functions conferred by, the Scheme during the year to which it relates.
(2)The Secretary of State shall lay before each House of Parliament a copy of every such annual report.
(3)The Scheme shall also include provision—
(a)for such person or persons as the Secretary of State considers appropriate—
(i)to keep proper accounts and proper records in relation to the accounts;
(ii)to prepare a statement of accounts in each financial year in such form as the Secretary of State may direct;
(b)requiring such a statement of accounts to be submitted to the Secretary of State at such time as the Secretary of State may direct.
(4)Where such a statement of accounts is submitted to the Secretary of State, he shall send a copy of it to the Comptroller and Auditor General as soon as is reasonably practicable.
(5)The Comptroller and Auditor General shall—
(a)examine, certify and report on any statement of accounts sent to him under subsection (4); and
(b)lay copies of the statement and of his report before each House of Parliament.
(6)In this section “financial year” means the period beginning with the day on which this section comes into force and ending with the following 31st March and each successive period of 12 months.
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