(1)There shall be a body of Commissioners named the Public Accounts Commission (in this Act referred to as โthe Commissionโ) which shall perform the functions conferred on it by this Act.
(2)The Commission shall consist ofโ
(a)the Member of the House of Commons who is for the time being the Chairman of the Committee of Public Accounts;
(b)the Leader of the House of Commons; and
(c)seven other Members of the House of Commons appointed by the House, none of whom shall be a Minister of the Crown.
(3)The Commission shall from time to time present to the House of Commons a report on the exercise of its functions.
(4)Schedule 1 to this Act shall have effect as respects the Commission.