43.— (1) Subject to subsection (2), as soon as may be after a resolution referred to in section 13(1) has been passed in respect of a Part 2 inquiry (or, in the case of a Part 2 inquiry which is a section 16 inquiry, as soon as may be after section 16 applies and the committee that is to conduct the section 16 inquiry is identified), the committee shall prepare a report, to be placed before the House, containing an estimate, having regard to the guidelines (if any) issued under section 46, of the sum of Part 2 inquiry legal costs and Part 2 inquiry expenses to be incurred in conducting the inquiry.

(2) Where the committee is a House, the words “the chairman of” shall be deemed to be inserted in subsection (1) after the words “is identified),”.