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Paragraph 9 Specified income for the relevant year

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In respect of a friendly society which, for a relevant year, is required under section 43 of the 1974 Act to send to the Chief Registrar an annual return in the form of Form A.R.10A, the value of the specified income for that relevant year is the sum of the amounts required to be entered at the following entries in Form A.R.10A:

(a)

in form A (“INDUSTRIAL ASSURANCE FUND”), the entry for “Totals” of the gross amount of premiums of assurance income;

(b)

in form B (“OTHER ASSURANCE FUNDS”), the entry for “Totals” of the gross amount of premiums of assurance income; and

(c)

in form D (“RENT AND INTEREST ALLOCATION ACCOUNT”), the entry at the last line,

less any amounts in form D (“RENT AND INTEREST ALLOCATION ACCOUNT”) entered at the entry for “Other Income (to be specified)” that are not income from interest on investments.