Clause 4

by deleting paragraph (b) and substituting the following paragraph:“(b)all fees and other sums collected by the Authority or its officers under any written law unless otherwise expressly provided in subsection (2) or that other written law;”; and

by renumbering the section as subsection (1) of that section, and by inserting immediately thereafter the following subsections:“(2) The following sums collected on or after the date of commencement of section 4 of the Accounting and Corporate Regulatory Authority (Amendment) Act 2014 by the Authority or any of its officers under this Act and any written law specified in the Second Schedule shall be paid into the Consolidated Fund:

any penalty for late payment or late filing;

any financial penalty, and interest for late payment of the financial penalty;

any sum for the composition of any offence.(3) The Authority may recover on behalf of the Government any sum referred to in subsection (2)(a), (b) or (c) as though the sum were a civil debt due to the Authority. (4) The Authority may waive, refund or remit, wholly or in part, any fee that is paid or is payable to the Authority under any written law and which forms or would form part of the funds and property of the Authority under subsection (1).”.