40Board to consider compliance on receipt of annual return

#### 40 Board to consider compliance on receipt of annual return (1) As soon as practicable after the Board receives a return under section 41 from a PDF, the Board must consider whether the PDF has been complying with this Act since: (a) if the Board has received from the PDF an earlier return, or earlier returns, under that section—the Board received the earlier return, or the last of the earlier returns, as the case requires; or (b) otherwise—the day on which the PDF became a PDF. (2) In considering whether the PDF has been so complying, the Board must have regard to the information included in the first‑mentioned return and to any other relevant information that is available to the Board.