Gas Act 1976

F64[Appointment of statutory auditor or firm

15

15. — (1) The board of directors of the Board shall, with the approval of the majority-shareholding Minister, appoint a statutory auditor or statutory audit firm to be a statutory auditor of the Board, for the purposes of, and in accordance with, the Act of 2014.

(2) Where a statutory auditor or statutory audit firm is appointed under subsection (1), the first statutory auditor’s report prepared in accordance with section 336 of the Act of 2014 shall be in respect of the financial year commencing on 1 January 2024, and subsequent reports shall be prepared in respect of each subsequent financial year.

(3) The Board shall pay out of moneys at its disposal the fees of a statutory auditor appointed under this section.

(4) In this section—

"statutory audit firm" has the same meaning as it has in Part 27 of the Act of 2014;

"statutory auditor" has the same meaning as it has in the Act of 2014.]

Annotations

Amendments:

F64

Substituted (1.06.2024) by Gas (Amendment) and Miscellaneous Provisions Act 2024 (11/2024), s. 19(e), S.I. No. 208 of 2024.

Modifications (not altering text):

C15

Requirement in relation to accounts imposed (28.11.2014) by Gas Regulation Act 2013 (39/2013), s. 20(2), S.I. No. 538 of 2014.

Annual report and accounts

20. (1) BGÉ shall include in its annual report pursuant to section 14 of the Act of 1976 a report of the proceedings of the network company in that financial year.

(2) In keeping accounts pursuant to section 15 of the Act of 1976 BGÉ shall ensure that accounts of all moneys received or expended by the network company are identified separately.

Editorial Notes:

E60

Previous affecting provision: section substituted (23.11.2015) by Gas Regulation Act 2013 (39/2013), s. 36, S.I. No. 520 of 2015; substituted (1.06.2024) as per F-note above.

E61

Previous affecting provision: functions transferred and references to “Department of Finance” and “Minister for Finance”construed (29.07.2011) by Finance (Transfer of Departmental Administration and Ministerial Functions) Order 2011 (S.I. No. 418 of 2011), arts. 2, 3, 5 and sch. 1 part 2, in effect as per art. 1(2), subject to transitional provisions in arts. 6-9; section substituted (23.11.2015) as per E-note above.

E62

Previous affecting provision: subs. (1A) inserted (29.03.2013) by Water Services Act 2013 (6/2013), s. 30, S.I. No. 108 of 2013; section substituted (23.11.2015) as per F-note above and subsection repealed (1.01.2023) by Water Services (Amendment) Act 2022 (39/2022), s. 4(3), S.I. No. 678 of 2022.