OpenLegislation

Paragraph 110

(1)

Section 887 (industrial and provident society payments) is amended as follows.

(2)

For the heading substitute “ Payments made by registered societies ”.

(3)

In subsection (1)(a) for “registered industrial and provident society” substitute “ registered society ”.

(4)

In subsection (2) for “registered industrial and provident society” substitute “ registered society ”.

(5)

For subsection (5) substitute—

“(5)

In this Chapter “registered society” means—

(a)

a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014, F1...

(b)

a society registered or treated as registered under the Industrial and Provident Societies Act (Northern Ireland) 1969.

F2(c)

a society registered as a credit union under the Credit Unions (Northern Ireland) Order 1985 ( S.I. 1985/1205 (N.I. 12)), or

(d)

an SCE formed in accordance with Council Regulation ( EC ) No 1435/2003 on the Statute for a European Cooperative Society. ”

Annotations

Textual amendments

F1

Word in Sch. 4 para. 110(5) omitted (1.8.2014) by virtue of Finance Act 2014 (c. 26), Sch. 39 paras. 11(a),15

F2

Words in Sch. 4 para. 110(5) inserted (1.8.2014) by Finance Act 2014 (c. 26), Sch. 39 paras. 11(b),15