Clause 3

by deleting the words “statements of accounts” wherever they appear in subsection (1)(b) and substituting in each case the words “financial statements”;

by deleting the word “The” in subsection (3) and substituting the words “Subject to subsection (4), the”;

by deleting the word “from” in subsection (3) and substituting the word “after”; and

by deleting subsection (4) and substituting the following subsections:“(4) Where a charity ceases to exist before the end of the minimum period in subsection (3) for preserving of accounting records in respect of the charity —

the last governing board members of the charity; or

any one or more of the last governing board members of the charity, as may be agreed by the last governing board members,must preserve the accounting records to the end of that period, unless the Commissioner allows the accounting records to be earlier destroyed or otherwise disposed of.(5) Subsection (4) also applies to a charity that ceases to exist before the date of commencement of section 3(d) of the Charities (Amendment) Act 2018, if the minimum period in subsection (3) as it applies to any accounting record of the charity has not ended on that date.”.