sec.118Application of Financial Accountability Act 2009

### sec.118 Application of Financial Accountability Act 2009 Subsection (2) applies to the provisions of the Financial Accountability Act 2009 (the FA Act ) that— relate to the preparation, giving to the appropriate Minister and tabling of annual reports; and are prescribed under a regulation for this section. The provisions apply to a GOC and a prescribed GOC subsidiary with the changes prescribed under the regulation. Also, section 26 of the FA Act applies to a GOC and a prescribed GOC subsidiary. The provisions of the FA Act , that apply under subsection (2) or (3) , apply to a GOC or a prescribed GOC subsidiary as if— it were a statutory body within the meaning of the FA Act ; and a reference in the FA Act to the appropriate Minister were a reference— for a GOC—to the GOC’s shareholding Ministers; or for a prescribed GOC subsidiary—to the shareholding Ministers of each GOC that is a shareholder of the subsidiary. The remaining provisions of the FA Act do not apply to a GOC. In this section— prescribed GOC subsidiary means a GOC subsidiary prescribed under a regulation for this section. s 118 amd 1998 No. 21 s 3 sch 1 ; 2001 No. 31 s 47 ; 2007 No. 10 s 62 sch sub 2009 No. 9 s 100 (sec.118-ssec.1) Subsection (2) applies to the provisions of the Financial Accountability Act 2009 (the FA Act ) that— relate to the preparation, giving to the appropriate Minister and tabling of annual reports; and are prescribed under a regulation for this section. (sec.118-ssec.2) The provisions apply to a GOC and a prescribed GOC subsidiary with the changes prescribed under the regulation. (sec.118-ssec.3) Also, section 26 of the FA Act applies to a GOC and a prescribed GOC subsidiary. (sec.118-ssec.4) The provisions of the FA Act , that apply under subsection (2) or (3) , apply to a GOC or a prescribed GOC subsidiary as if— it were a statutory body within the meaning of the FA Act ; and a reference in the FA Act to the appropriate Minister were a reference— for a GOC—to the GOC’s shareholding Ministers; or for a prescribed GOC subsidiary—to the shareholding Ministers of each GOC that is a shareholder of the subsidiary. (sec.118-ssec.5) The remaining provisions of the FA Act do not apply to a GOC. (sec.118-ssec.6) In this section— prescribed GOC subsidiary means a GOC subsidiary prescribed under a regulation for this section. - (a) relate to the preparation, giving to the appropriate Minister and tabling of annual reports; and - (b) are prescribed under a regulation for this section. - (a) it were a statutory body within the meaning of the FA Act ; and - (b) a reference in the FA Act to the appropriate Minister were a reference— (i) for a GOC—to the GOC’s shareholding Ministers; or (ii) for a prescribed GOC subsidiary—to the shareholding Ministers of each GOC that is a shareholder of the subsidiary. - (i) for a GOC—to the GOC’s shareholding Ministers; or - (ii) for a prescribed GOC subsidiary—to the shareholding Ministers of each GOC that is a shareholder of the subsidiary. - (i) for a GOC—to the GOC’s shareholding Ministers; or - (ii) for a prescribed GOC subsidiary—to the shareholding Ministers of each GOC that is a shareholder of the subsidiary.