11.Section 3 places a further duty on the Scottish Ministers to keep the community wealth building statement under review, and to revise the statement if they think it appropriate to do so. The effect of subsection (2) is that the Scottish Ministers must revise the statement at least every 5 years. Subsection (3) makes clear that the requirements about the content of the statement, set out in section 1(2) and (3), the requirement to carry out a consultation on the statement, set out in section 1(5)(e), and the requirements about reviewing the statement, set out in section 3, all continue to apply in relation to a revised statement.
The Act Commentary on provisions Section 3 – review and revision of statement