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Friendly Societies Act 1984 in Northern Ireland

1984 c. 62 · Enacted 20 December 1984 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 1 December 2001.

An Act to validate certain contracts of insurance entered into by registered friendly societies before 1st June 1984 and to modify, with both retrospective and prospective effect, provisions relating to the financial limits in section 64 of the Friendly Societies Act 1974 and section 332 of the Income and Corporation Taxes Act 1970.

[20th December 1984] I1

Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

Annotations to the whole text

Commencement

I1

Act in force at Royal Assent

Contents

  1. 2Maximum benefits.
  2. 3Corresponding provision for Northern Ireland. Repealed
  3. 4Short title and extent.

2Maximum benefits.

(1)

Section 64 of the Friendly Societies Act 1974 (maximum benefits) shall have effect, and be deemed always to have had effect, with the modifications in subsections (2) and (3) below.

(2)

In subsection (1) (financial limits)—

(a)

the words from the beginning to “through” shall be omitted;

(b)

for the words “receive from” there shall be substituted the words “ have at any time outstanding contracts with ”;

(c)

after the words “United Kingdom)” there shall be inserted the words “ for the assurance of ”; and

(d)

paragraphs (c) and (d) (the taxable business limits) shall be omitted.

(3)

In subsection (2) (matters to be disregarded in applying the limits) in paragraph (a) (bonus or addition declared upon assurance of a gross sum or annuity)—

(a)

after the word “addition” there shall be inserted the words “ which either is ”; and

(b)

at the end there shall be added the words “ or accrues upon such an assurance by reference to an increase in the value of any investments ”.

(4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

F2(5)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7)

With respect to any time prior to the coming into force of any of the enactments referred to in subsections (2) to (4) above, the like modifications as are made to that enactment by those subsections shall be deemed always to have been made to any earlier enactment the provisions of which are re-enacted in the enactment so referred to.

3Corresponding provision for Northern Ireland.F1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4Short title and extent.

(1)

This act may be cited as the Friendly Societies Act 1984.

(2)

Section 1 and subsections (1) to (3) and (5) and (6) of section 2 of this Act do not extend to Northern Ireland.

P1(3)

Her Majesty may by Order in Council direct that sections 1 and 2 of this Act shall extend to the Isle of Man or any of the Channel Islands with such adaptations and modifications, if any, as may be specified in the Order.