Section 44
Accounts and reports
of Carbon Capture, Utilization and Storage Act 2025
ActIn forceProvision 44 of 53
Section 44
(1)
The Agency shall cause proper accounts of the Fund and proper reports of its activities to be kept and shall, as soon as practicable after the end of the financial year, cause to be prepared for that financial year—
(a)
a statement of accounts which shall include a balance sheet and an account of the contributions and expenditure; and
(b)
a statement of its activities in respect of the Fund.
(2)
The Agency shall as soon as practicable, send a copy of the statement of accounts certified by the auditors and a copy of auditors’
report to the Minister, and the Minister shall cause the statement of account and the auditors’ report to be laid before each
House of Parliament.