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(1)The Secretary of State may by order vary any sum for the time being specified in any provision of this Act (other than the sum specified in section 12(8) or 36(5)).
(2)The Secretary of State may make such an order either-
(a)where he considers it expedient to do so in consequence of changes in the value of money, or
(b)where the order gives effect to a recommendation of the Commission.
(3)Subsection (4) applies in relation to the sums specified in-
(a)Part 4;
(b)Part 4A;
(c)Schedule 11;
(d)Schedule 15;
(e)Schedule 19A.
(4)In each Parliament, other than a Parliament that is dissolved less than two years after the date of its first sitting, the Secretary of State must either-
(a)make an order in pursuance of subsection (2)(a), or
(b)lay before Parliament a statement setting out the Secretary of State's reasons for not doing so.