SCHEDULES
SCHEDULE 2National Audit Office
Part 2Non-executive members
Remuneration arrangements
I16
1
The Prime Minister and the person who chairs the Committee of Public Accounts may jointly make remuneration arrangements in relation to the person who chairs NAO.
2
Amounts payable by virtue of sub-paragraph (1) are to be charged on, and paid out of, the Consolidated Fund.
3
The Public Accounts Commission may make remuneration arrangements in relation to any other non-executive member.
4
Amounts payable by virtue of sub-paragraph (3) are to be paid by NAO.
5
Remuneration arrangements under this paragraph—
a
may make provision for a salary, allowances and other benefits but not for a pension, and
b
may include a formula or other mechanism for adjusting one or more of those elements from time to time.