- Latest available (Revised) - English
- Latest available (Revised) - Welsh
- Original (As enacted) - English
- Original (As enacted) - Welsh
This is the original version (as it was originally enacted).
(1)A local authority is to appoint the members of its audit committee.
(2)A local authority must secure that—
(a)at least two-thirds of the members of its audit committee are members of the authority;
(b)at least one member of its audit committee is a lay member;
(c)no more than one of the members of its audit committee is a member of the authority’s executive;
(d)the senior member of its executive is not a member of its audit committee.
(3)Subsection (2)(c) does not require the membership of a local authority’s audit committee to include a member of the authority’s executive.
(4)The appointment of a person as a member of an audit committee has no effect if the membership of the committee breaches subsection (2) immediately after the appointment (whether or not by virtue of the appointment).
(5)In a case where one or more persons are to become, or to cease to be, members of an audit committee at a particular time, all those changes of membership are to be taken into account in determining whether the membership of the committee breaches subsection (2).
(6)An act of an audit committee is invalid if the membership of the committee breaches subsection (2).
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Original (As Enacted or Made) - English: The original English language version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
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Text created by the Welsh Assembly Government department responsible for the subject matter of the Measure to explain what the Measure sets out to achieve and to make the Measure accessible to readers who are not legally qualified. Explanatory Notes accompany all Measures of the National Assembly for Wales.
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