Credit Unions and Co-operative and Community Benefit Societies Act (Northern Ireland) 2016

Industrial and Provident Societies Act (Northern Ireland) 1969 (c. 24)

46.  For “Ministry” in each place (except in section 101 and Schedule 5) substitute “Department”.

47.—(1) Section 22 (nomination of property in society) is amended as follows.

(2) In subsection (1) for the words from “which he may have” to the end substitute “which he may have at the time of his death.”.

(3) In subsection (3)—

(a) omit paragraph (a);

(b) in paragraph (b) omit “after 31st December 1913 and”.

(4) In subsection (6) omit “and after 31st December 1913”.

48.  In section 37 (general provisions as to accounts and balance sheets) omit subsections (7) and (8).

49.  In section 38(1) (duty to appoint auditors) omit “beginning on or after 1st January 1970”.

50.  In section 38A(1) (power of registered societies to disapply section 38) omit the words from “beginning” to “operation”.

51.  For section 41 (qualified auditors) substitute—

“41.    Meaning of qualified auditor”

In this Act qualified auditor means a person eligible for appointment as a statutory auditor under Part 42 of the Companies Act 2006”.

52.  In section 43 (auditors’ report etc.) omit subsection (8).

53.  In section 45(1) (group accounts) omit “beginning on or after 1st January 1970”.

54.  In section 48 (annual returns) omit subsection (7).

55.  Omit section 77 (application of Part 2 to credit unions).

56.  In section 101(1) (interpretation)—

(a) omit the definition of “board of directors”;

(b) at the appropriate place insert—

““the Department” means the Department of Enterprise, Trade and Investment;”;

(c) for the definitions of “the Minister” and “the Ministry” substitute—

““the Minister” means the Minister of Enterprise, Trade and Investment;”.

57.  In section 103 (repeals, savings and transitional provisions) omit subsection (1).

58.  Omit Schedule 5 (transitional provisions).