OpenLegislation

Article 12 Formerly specified educational institutions: transitional and transitory provisions and savings

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

(1)

Subsections (1) and (2) of section 46 of the 1993 Act continue to apply to a formerly specified educational institution in relation to—

(a)

any relevant financial year; and

(b)

the books of accounts kept and statements of account prepared in respect of—

(i)

any such financial year; or

(ii)

any financial year of the institution which ended before 31st January 2009.

(2)

In this article, “relevant financial year” means, in relation to a formerly specified educational institution, a financial year—

(a)

which began before 31st January 2009; but

(b)

ends on or after that date.