(1) This section shall be read together with and deemed part of the Engineers Registration Act 1924 (hereinafter referred to as the principal Act).
(2) The Registrar shall take and receive all moneys payable to the Board under the principal Act.
(3) Until the prescribed fee has been paid the Registrar may decline to do any act, or to permit any act to be done, or to receive any document in respect of which that fee is payable.
(4) All fees and other moneys payable under the principal Act in respect of any period after 31 March 1950 shall, notwithstanding that they may be received before that date, be paid forthwith into a bank approved by the Board, to the credit of an account to be called the Engineers Registration Board Account, and all expenses incurred in the administration of the principal Act in respect of any period after that date shall be paid from that account.
(5) All moneys received under this section may be applied by the Board as follows:
(a) in the payment of the expenses incurred by the Board in respect of the principal Act, including the remuneration of the Registrar and other officers and servants of the Board, and the costs of the audit of its accounts:
(d) in payment for publications, office accommodation, office equipment, and materials deemed necessary by the Board for carrying out its duties under the principal Act:
(6) The Board may from time to time, as it thinks fit, invest any moneys not for the time being required for any of the purposes mentioned in the last preceding subsection by depositing them in the Post Office Savings Bank or in any bank or other institution authorised to receive moneys on deposit.
(7) The Board is a public entity as defined in section 4 of the Public Audit Act 2001 and, in accordance with that Act, the Auditor-General is the auditor.
(8) The Board shall, as soon as possible after the end of every financial year, cause the accounts of the Board for that financial year to be balanced and full and true statements and accounts of all the moneys received and expended by the Board during that year, and of the assets and liabilities of the Board at the end of that year, to be prepared and submitted to the Auditor-General.
(9) Section 15 of the principal Act is hereby consequentially repealed save in so far as it relates to fees and other moneys due, and expenses incurred, under the principal Act in respect of any period before 1 April 1950, whether received or paid before or after that date.
Section 11(5)(c): repealed, on 1 April 1952, by section 10(1) of the Fees and Travelling Allowances Act 1951 (1951 No 79).
Section 11(7): replaced, on 1 July 2001, by section 53 of the Public Audit Act 2001 (2001 No 10).
Section 11(8): amended, on 1 July 2001, pursuant to section 52 of the Public Audit Act 2001 (2001 No 10).