Competition Commission Act 2010 · Updated to 1 Nov 2024 · Part V · Finance
30. Expenditure and preparation of estimates
Feedback & supportThe expenditure of the Commission up to such amount as may be authorized by the Minister for any one year shall be defrayed out of the Fund.
Commission
“Commission” means the Competition Commission established under section 3;
Before 1 September of each year, the Commission shall submit to the Minister an estimate of its expenditure (including the expenditure for research and development programmes) for the following year in such form and containing such particulars as the Minister may direct.
Minister
“Minister” means the Minister for the time being charged with the responsibility for matters concerning domestic trade and consumer affairs;
The Minister shall, before 1 January of the following year, notify the Commission of the amount authorized for expenditure generally or of the amount authorized for each description of expenditure based on the estimate prepared under subsection (2).
The Commission may, at any time, submit to the Minister a supplementary estimate of its expenditure for any one year and the Minister may allow the whole or any part of the additional expenditure included in the supplementary estimate.