PART II PROVISION OF HOUSING ACCOMMODATION

Restriction on service charges

F151 Meaning of “qualified accountant”.

(1)

The reference to a “qualified accountant” in section 48(3) (certification of summary of information about relevant costs) is to a person who, in accordance with the following provisions, has the necessary qualification and is not disqualified from acting.

F2(2)

a person has the necessary qualification only if he is eligible for appointment as a F3statutory auditor under Part 42 of the Companies Act 2006.

(4)

The following are disqualified from acting—

F4(a)

where the payee is a company, the payee or any associated company of the payee;

(b)

an officer or employee of the payee or, where the payee is a company, of an associated company;

(c)

a person who is a partner or employee of any such officer or employee.

(5)

For the purposes of F5subsection (4)(a) and (b). a company is associated with the payee company if it is (within the meaning of F6section 1159 of the Companies Act 2006) the payee’s holding company or subsidiary or is a subsidiary of the payee’s holding company.

(6)

Where the payee is a local authority F7or a F8development corporation—

(a)

the persons who have the necessary qualification include members of the Chartered Institute of Public Finance and Accountancy, and

(b)

subsection (4)(b) (disqualification of officers and employees) does not apply.