SCHEDULES

SCHEDULE 12Related amendments

22Education Reform Act 1988 (c. 40)

In 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—

    1. a

      the period commencing with the date on which the corporation is established and ending with the second 31st March following that date, and

    2. b

      each successive period of twelve months.