Paragraph 66

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. para.2 defn(s). substituted by British Wool Marketing Scheme 2000 art.2. Sch. para 1
Sch. para.6 substituted by British Wool Marketing Scheme 2000 art.2, Sch. para.2
Sch. para.7 substituted by British Wool Marketing Scheme 2000 art.2, Sch. para.3
Sch. para.8 substituted by British Wool Marketing Scheme 2000 art.2. Sch. para.4
Sch. para.9 rev. in pt. by British Wool Marketing Scheme 2000 art.2. Sch. para.5
Sch. para.10 rev. in pt. by British Wool Marketing Scheme 2000 art.2, Sch. para.6
Sch. para.35 substituted by British Wool Marketing Scheme 2000 art.2, Sch. para.7
Sch. para.37A added by British Wool Marketing Scheme 2000 art.2. Sch. para.8
Sch. para.44 substituted by British Wool Marketing Scheme 2000 art.2, Sch. para.9
Sch. para.45 amended by British Wool Marketing Scheme 2000 art.2, Sch. para.10
Sch. para.46 rev. in pt. by British Wool Marketing Scheme 2000 art.2, Sch. para.11
Sch. para.47 rev by British Wool Marketing Scheme 2000 art.2. Sch. para.12
Sch. para. 9(b) words omitted by Enterprise Act 2002 (Disqualification from Office: General) 2006 Sch. 1 para. 3
Sch. para. 5 omitted by British Wool Marketing Scheme 2024 art. 2(2)
Sch. para. 6 words substituted by British Wool Marketing Scheme 2024 art. 2(3)
Sch. para. 8(4) words omitted by British Wool Marketing Scheme 2024 art. 2(4)
Sch. para. 9(d) words substituted by British Wool Marketing Scheme 2024 art. 2(5)
Sch. para. 27 words inserted by British Wool Marketing Scheme 2024 art. 2(6)(a)
Sch. para. 27 words inserted by British Wool Marketing Scheme 2024 art. 2(6)(b)
Sch. para. 27 words substituted by British Wool Marketing Scheme 2024 art. 2(6)(c)
Sch. para. 28 words inserted by British Wool Marketing Scheme 2024 art. 2(7)(a)
Sch. para. 28 words inserted by British Wool Marketing Scheme 2024 art. 2(7)(b)
Sch. para. 32 words inserted by British Wool Marketing Scheme 2024 art. 2(8)(a)
Sch. para. 32 words inserted by British Wool Marketing Scheme 2024 art. 2(8)(b)
Sch. para. 37A omitted by British Wool Marketing Scheme 2024 art. 2(9)
Sch. para. 43 words substituted by British Wool Marketing Scheme 2024 art. 2(10)(a)
Sch. para. 43 words substituted by British Wool Marketing Scheme 2024 art. 2(10)(b)
Sch. para. 44(3) words inserted by British Wool Marketing Scheme 2024 art. 2(11)(a)
Sch. para. 44(3) words inserted by British Wool Marketing Scheme 2024 art. 2(11)(b)
Sch. para. 44(3) words substituted by British Wool Marketing Scheme 2024 art. 2(11)(c)
Sch. para. 44(3) words inserted by British Wool Marketing Scheme 2024 art. 2(11)(d)
Sch. para. 44(3) words substituted by British Wool Marketing Scheme 2024 art. 2(11)(e)
Sch. para. 44(3) words substituted by British Wool Marketing Scheme 2024 art. 2(11)(f)
Sch. para. 44(3) words substituted by British Wool Marketing Scheme 2024 art. 2(11)(g)
Sch. para. 44(3) words inserted by British Wool Marketing Scheme 2024 art. 2(11)(h)
Sch. para. 45(3) words inserted by British Wool Marketing Scheme 2024 art. 2(12)
Sch. para. 45(4) words substituted by British Wool Marketing Scheme 2024 art. 2(13)
Sch. para. 51 words substituted by British Wool Marketing Scheme 2024 art. 2(14)
Sch. para. 57 words inserted by British Wool Marketing Scheme 2024 art. 2(15)(a)
Sch. para. 57 words inserted by British Wool Marketing Scheme 2024 art. 2(15)(b)
Sch. para. 58 words substituted by British Wool Marketing Scheme 2024 art. 2(16)
Sch. para. 61 words inserted by British Wool Marketing Scheme 2024 art. 2(17)
Sch. para. 66 word substituted by British Wool Marketing Scheme 2024 art. 2(18)
Sch. para. 83 words substituted by British Wool Marketing Scheme 2024 art. 2(19)
Sch. para. 86 words substituted by British Wool Marketing Scheme 2024 art. 2(20)
Sch. para. 87(1) words inserted by British Wool Marketing Scheme 2024 art. 2(21)(a)
Sch. para. 87(1) word substituted by British Wool Marketing Scheme 2024 art. 2(21)(b)
Sch. para. 87(1) words inserted by British Wool Marketing Scheme 2024 art. 2(21)(c)
Sch. para. 87(1) word substituted by British Wool Marketing Scheme 2024 art. 2(21)(d)
Sch. para. 87(1) words inserted by British Wool Marketing Scheme 2024 art. 2(21)(e)
Sch. para. 87(1) words inserted by British Wool Marketing Scheme 2024 art. 2(21)(f)
Sch. para. 87(1) word substituted by British Wool Marketing Scheme 2024 art. 2(21)(g)
Sch. para. 87(2) words inserted by British Wool Marketing Scheme 2024 art. 2(22)
Sch. para. 88(1) words inserted by British Wool Marketing Scheme 2024 art. 2(23)
Sch. para. 92 words substituted by British Wool Marketing Scheme 2024 art. 2(24)

The Board shall keep proper accounts and in particular shall annually make out a balance sheet and either an income and expenditure account, or if the Board trades for profit, a profit and loss account, and shall cause them to be audited by a member of one of the Chartered Societies in Scotland or of the Institute of Chartered Accountants in England and Wales or of the Society of Incorporated Accountants and Auditors or of the Corporation of Accountants Limited or of the London Association of Certified Accountants Limited nominated by a general meeting of registered producers, and as soon as may be after the auditor has reported thereon, and in any case within four months of the close of the period covered by the income and expenditure account or profit and loss account shall send to the Minister and to every registered producer a copy of the account and balance sheet and of the report of the auditor thereon, and also a report by the Board as to the working of this Scheme in the period covered by the income and expenditure or profit and loss account, and which shall include a statement of the manner in which, in accordance with paragraph 65, any moneys are invested.

Provided that the person who is to audit the first balance sheet and income and expenditure or profit and loss account made out by the Board under this section shall be nominated by the Board instead of by a general meeting of the registered producers.