Section 51 — Housing Act 1985: Meaning of “qualified accountant”.

Meaning of “qualified accountant”. 51 1 The reference to a “ qualified accountant ” in section 48(3) (certification of summary of information about relevant costs) is to a person who, in accordance with the following provisions, has the necessary qualification and is not disqualified from acting. 2 a person has the necessary qualification only if he is eligible for appointment as a statutory auditor under Part 42 of the Companies Act 2006 .

4 The following are disqualified from acting—

a where the payee is a company, the payee or any associated company of the payee;

b an officer or employee of the payee or, where the payee is a company, of an associated company;

c a person who is a partner or employee of any such officer or employee.

5 For the purposes of subsection (4)(a) and (b). a company is associated with the payee company if it is (within the meaning of section 1159 of the Companies Act 2006 ) the payee’s holding company or subsidiary or is a subsidiary of the payee’s holding company.

6 Where the payee is a local authority or a development corporation —

a the persons who have the necessary qualification include members of the Chartered Institute of Public Finance and Accountancy, and b subsection (4)(b) (disqualification of officers and employees) does not apply.