OpenLegislation

Regulation 2 Amendment of the Local Audit and Accountability Act 2014

Original text. Later amendments are not shown.

For section 6(2) (meaning of “smaller authority”) of the Local Audit and Accountability Act 2014, substitute—

“(2)

The qualifying condition is met for a relevant authority and a financial year—

(a)

beginning on or before 1st April 2024, if the higher of the authority’s gross income for the year and its gross expenditure for the year does not exceed £6.5 million;

(b)

beginning on or after 1st April 2025, if the higher of the authority’s gross income for the year and its gross expenditure for the year does not exceed £15 million.”.