Competition and Consumer Protection Act 2014

Final accounts and final annual report of dissolved bodies

46. (1) The Commission shall, in respect of the period specified under subsection (3), prepare final accounts of each of the dissolved bodies.

(2) The Commission shall submit the final accounts to the Comptroller and Auditor General for audit not later than 12 months after the establishment day.

(3) For the purposes of subsection (1), the Minister may specify a period that is longer or shorter than a financial year of a dissolved body.

(4) The Commission shall prepare a final annual report for each of the dissolved bodies and submit the reports to the Minister not later than 6 months after the establishment day.

(5) Section 31 shall apply with the necessary modifications in relation to final accounts prepared under this section.

(6) Section 32 shall apply with the necessary modifications in relation to an annual report prepared under this section.