Exchequer and Local Financial Years Act, 1974
References to financial or local financial year in statutes and statutory instruments to which section 2 does not apply. |
3.—(1) This section applies to any statute or statutory instrument (whether passed, made, issued or granted before or after the passing of this Act) which— | |
(a) is not a statute or statutory instrument to which section 2 of this Act applies, and | ||
(b) contains either or both of the following references, namely, a reference to a financial year and a reference to a local financial year, being references which, apart from subsection (2) of this section, would each be construed as a reference to a period of twelve months ending on the 31st day of March in any year. | ||
(2) The following provision shall have effect as regards a statute or statutory instrument to which this section applies, namely, any reference therein either to a financial year or to a local financial year shall, in relation to after the 31st day of December, 1974, be construed and have effect as a reference to a period which is coextensive with a calendar year. |