Sovereign Grant Act 2011

Sovereign Grant Act 2011

2011 CHAPTER 15

Commentary on Sections and Schedules

Supplementary and general

Schedule 2: Transitional provisions and savings

Application of certain accounting provisions

140. Paragraph 1 applies the accounts provisions in sections 2 and 4 from the financial year 2012-13 onwards, i.e. from the start of the Sovereign Grant.

Determination of Sovereign Grant for the financial year 2013-14

141. Paragraph 2 provides transitional arrangements for the first year in which the formula for Sovereign Grant in section 6 is to apply, which is 2013-14.

Payments under Civil List Acts

142. Paragraph 3 makes transitional provisions for the civil list, which is paid by calendar year. The civil list is to continue for the first three months of 2012 until financial year 2012-13 begins on 1 April 2012. The saving here allows adjustments to be made to payments made in respect of those three months after the repeal of the civil list provisions.

Savings for audit of the Queen’s Civil List

143. Paragraph 4 ensures that the audit powers for the civil list continue until all the audit duties for the civil list have been completed, including after the Civil List Audit Act 1816 has been repealed on 1 April 2012 by this Act.

144. Paragraph 5 provides that the disqualifications under the House of Commons Disqualification Act 1975 and the Northern Ireland Assembly Disqualification Act 1975 remain in force until all the duties of the Auditor of the Civil List have been completed.

Functions under section 1 of the Civil List Act 1972

145. Paragraph 6 provides that sections 1(3) to (7) of the 1972 Act (which allow adjustments between the civil list and the civil list reserve) continue to have effect until any necessary adjustments have been completed.

146. Paragraph 7 provides that any property held by the Royal Trustees will form part of the new Reserve Fund.

Savings for amendments made by virtue of section 6 of the Civil List Act 1972

147. Paragraph 8 provides that amendments to section 5 of the Civil List Act 1837 and section 3 of the Civil List Act 1952 remain in force.