This section has no associated Explanatory Notes
22E+WIn paragraph 18 of Schedule 7 (higher education corporations)—
(a)omit sub-paragraph (4) (duty of certain higher education corporations to consult Audit Commission before appointing auditor in respect of first financial year),
(b)in sub-paragraph (5) for “that sub-paragraph” substitute “ sub-paragraph (3) above ”, and
(c)in sub-paragraph (6) omit the definitions of “the first financial year” and “financial year” and insert—
““financial year” means—
(a)the period commencing with the date on which the corporation is established and ending with the second 31st March following that date, and
(b)each successive period of twelve months.”
Commencement Information
I1Sch. 12 para. 22 in force at 1.4.2015 by S.I. 2015/841, art. 3(x)