COMMENTED by
The Registered Housing Associations (Accounting Requirements) (Scotland) Order 1999 (Note)

The Registered Housing Associations (Accounting Requirements) (Scotland) Order 1999

STATUTORY INSTRUMENTS

1999 No. 1073 (S. 84)

HOUSING, SCOTLAND

The Registered Housing Associations (Accounting Requirements) (Scotland) Order 1999

Made 26th March 1999

Laid before Parliament 6th April 1999

Coming into force 1st May 1999

The Secretary of State, in exercise of the powers conferred upon him by section 24(1), (5) and (6) of the Housing Associations Act 1985[1] and section 55(2) of the Housing Act 1988[2] and of all other powers enabling him in that behalf, hereby makes the following Order:

Citation, commencement and revocation

1. - (1) This Order may be cited as the Registered Housing Associations (Accounting Requirements) (Scotland) Order 1999 and shall come into force on 1st May 1999.

(2) Subject to paragraph (3), the Registered Housing Associations (Accounting Requirements) (Scotland) Order 1993[3] is hereby revoked.

(3) Notwithstanding paragraph (2), the Registered Housing Associations (Accounting Requirements) (Scotland) Order 1993 shall continue to apply in respect of any period of account starting before 1st April 1999.

Interpretation

2. In this Order, unless the context otherwise requires-

"accounting policies" means the specific accounting bases selected and consistently followed by a registered housing association which are, in the opinion of the board of the registered housing association, appropriate to its circumstances and best suited to present a true and fair view of its results and financial position and which conform with generally accepted accounting practice;

"accounts" means the registered housing association's financial statements which consist of the balance sheet, the income and expenditure account, the notes to the accounts and any other such statements required to conform with generally accepted accounting practice;

"balance sheet" means the balance sheet required for the purpose of section 39(1) of the Industrial and Provident Societies Act ...

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