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Section 187 Meaning of “benefit”, “remuneration”...etc.F3

In sections 185 F1to 186A —

  • “benefit” means a direct or indirect benefit of any nature;

  • “maximum amount”, in relation to remuneration, means the maximum amount of the remuneration whether specified in or ascertainable under the terms of the agreement in question;

  • “remuneration” includes any benefit in kind (and “amount” accordingly includes monetary value);

  • F2...

Annotations

Textual amendments

F1

Words in s. 187 substituted (7.3.2024) by Charities Act 2022 (c. 6), s. 41(4), Sch. 2 para. 42; S.I. 2024/265, reg. 3, Sch. 1 para. 13(m)

F2

Word in s. 187 omitted (31.10.2022) by virtue of Charities Act 2022 (c. 6), s. 41(4), Sch. 2 para. 39(b); S.I. 2022/1109, Sch. para. 11(h)

F3

Words in s. 187 heading omitted (31.10.2022) by virtue of Charities Act 2022 (c. 6), s. 41(4), Sch. 2 para. 39(a); S.I. 2022/1109, Sch. para. 11(h)