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Office of Communications Act 2002
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- 2002 c. 11
- SCHEDULE
- Section 8
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- Sch. para. 8(5) repealed by 2003 c. 21 Sch. 17 para. 172(2)(b) Sch. 19(1)
- Sch. para. 8(1) substituted by 2003 c. 21 Sch. 17 para. 172(3)
- specified provision(s) amendment to earlier commencing SI 2003/3142 by S.I. 2004/545 art. 2
- specified provision(s) amendment to earlier commencing SI 2003/3142 by S.I. 2004/697 art. 2
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Commencement Orders bringing legislation that affects this Act into force:
- S.I. 2003/1900 art. 2(1) Sch. 1 art. 2(2) Sch. 2 commences (2003 c. 21)
- S.I. 2003/3142 art. 3(1) art. 3(2) 4(2) Sch. 1 2 art. 3(1) Sch. 1 commences (2003 c. 21)
- S.I. 2011/2329 art. 3 commences (2011 c. 5)
Finances of OFCOME+W+S+N.I.
8(1)It shall be the duty of OFCOM (subject to any restriction imposed by or under any enactment on the charges they may make) so to conduct their affairs as to secure that their revenues become at the earliest possible date, and continue at all times after that to be, at least sufficient to enable them to meet their obligations and to carry out their functions.
(2)Any excess of OFCOM’s revenues for any financial year over the sums required by them for that year for meeting their obligations and carrying out their functions shall be applied by OFCOM in such manner as the Secretary of State, after consultation with OFCOM, may direct.
(3)A direction under sub-paragraph (2) may require the whole or any part of any such excess to be paid to the Secretary of State.
(4)The Secretary of State shall pay any sums received by him under sub-paragraph (3) into the Consolidated Fund.
(5)In this paragraph references to the revenues of OFCOM include references to any penalty that is paid to OFCOM in pursuance of any provision made by or under any enactment.
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