Article 2 Interpretation

In this Order, unless the context otherwise requires—

• “the 1965 Act” means the Industrial and Provident Societies Act 1965^f1;

• “1965 Act society” means an association which is registered under the 1965 Act;

• “the 1968 Act” means the Friendly and Industrial and Provident Societies Act 1968^f2;

• “the 1985 Act” means the Housing Associations Act 1985;

• “accounts” mean the balance sheet, the income and expenditure account and the notes to the accounts;

• “association” means a housing association which is registered in the register maintained by the Housing Corporation under the 1985 Act;

• “balance sheet” means the balance sheet required for the purposes of section 39(1) of the 1965 Act^f3 or paragraph 2(1) of Schedule 3 to the 1985 Act;

• “balance sheet date” means the date as at which the balance sheet was made up;

• “chief executive” means the person who has overall responsibility for the running of the day to day affairs of the association;

• “company” means a company registered under Part I of the Companies Act 1985^f4 and includes a company to which that Part applies by virtue of section 675 of that Act;

• “director” includes the chief executive, the person occupying the position of a director by whatever name called and any member of the association;

• “group” has the same meaning as in section 262(1) of the Companies Act 1985^f5;

• “housing accommodation” has the same meaning as in section 252(a) of the Housing Act 1985^f6;

• “housing land” means land held by an association for the purposes of providing housing accommodation (including accommodation to be provided by disposal on sale or on lease);

• “income and expenditure account” means the revenue account required for the purposes of section 3(2) of the 1968 Act or paragraph 2(1)(a) of Schedule 3 to the 1985 Act;

• “managing body” means—

  1. (a)

     in relation to a 1965 Act society, the committee of management or other directing body of the society;

  2. (b)

     in relation to a company the board of directors of the company;

  3. (c)

     in relation to a charity which is not a company, the trustees of the charity;

• “notes to the accounts” means notes to the balance sheet or the income and expenditure account;

• “period of account” means the period to which the income and expenditure account relates;

• “person connected with a director of an association” means a person who would be so connected within the meaning of section 346 of the Companies Act 1985 if the association were a company;

• “special needs accommodation” means accommodation which is provided for persons who are vulnerable by virtue of social disadvantage, disability or other special reason, or a hostel;

• “undertaking” has the same meaning as in section 259(1) of the Companies Act 1985^f7; and

• “unit of accommodation” means, in the case of special needs accommodation, accommodation which is provided for one individual and, in any other case, a dwelling.