{
  "url": "https://openlegislation.uk/industrial-organisation-and-development-act-1947/section-7",
  "json_url": "https://openlegislation.uk/industrial-organisation-and-development-act-1947/section-7.json",
  "legislation": "ukpga/Geo6/10-11/40",
  "legislation_title": "Industrial Organisation and Development Act 1947",
  "legislation_url": "https://openlegislation.uk/industrial-organisation-and-development-act-1947",
  "path": "section/7",
  "kind": "section",
  "number": "7",
  "heading": "Reports, and accounts, of development councils.",
  "text": "(1) A development council shall prepare and transmit to the Board or Minister concerned annually a report setting out what has been done in the discharge of their functions during their financial year last completed.\n(2) The report shall include a statement of the accounts of the council for that year, and shall be transmitted as soon as the accounts therefor have been audited, together with a copy of any report made by the auditors ... on the accounts.\n( 2A ) A person shall not be appointed to audit a council’s accounts unless he is eligible for appointment as a statutory auditor under Part 42 of the Companies Act 2006.\n(2B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(3) The statement of accounts shall be in such form as the Board or Minister concerned may direct, being a form which shall conform with the best commercial standards, and the statement shall show the total of remuneration and allowances paid during the year to members of the council.\n(3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(3B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(4) A copy of each such report of a council, or made by the auditors on their accounts, shall be laid before Parliament by the Board or Minister concerned.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 7(2) omitted (coming into force in accordance with of the amending S.I.) by virtue of The Government Resources and Accounts Act 2000 (Audit of Public Bodies) Order 2017 (S.I. 2017/1313), art. 1, Sch. 1 para. 1(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 7(2A) inserted (1.10.1991) by S.I. 1991/1997, reg. 2 Sch. para. 3(1)(2) (subject to a saving in reg. 4)."
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 7(2A) substituted (6.4.2008) by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), Sch. 1 para. 1(a) (with arts. 6, 11, 12)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "S. 7(2B) omitted (coming into force in accordance with of the amending S.I.) by virtue of The Government Resources and Accounts Act 2000 (Audit of Public Bodies) Order 2017 (S.I. 2017/1313), art. 1, Sch. 1 para. 1(b)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "S. 7(3A)-(3C) omitted (coming into force in accordance with of the amending S.I.) by virtue of The Government Resources and Accounts Act 2000 (Audit of Public Bodies) Order 2017 (S.I. 2017/1313), art. 1, Sch. 1 para. 1(b)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in s. 7(4) substituted (coming into force in accordance with of the amending S.I.) by The Government Resources and Accounts Act 2000 (Audit of Public Bodies) Order 2017 (S.I. 2017/1313), art. 1, Sch. 1 para. 1(c)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/Geo6/10-11/40/section/7",
    "retrieved_at": "2026-10-29T11:23:54.015803+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}