National Institutions Measure 1998

Diocesan Stipends Funds Measure 1953

1 In the [1953 No. 2.] Diocesan Stipends Funds Measure 1953—

(a) in section 4(1) after paragraph (b) there shall be inserted the following paragraphs—

“(ba) participation in any collective investment scheme operated for the purposes of this paragraph by the Commissioners;

(bb) investment in any investments fund or deposit fund constituted under the Church Funds Investment Measure 1958;

(bc) investment under the powers conferred on a trustee by the Trustee Investments Act 1961, as relaxed or extended by any order or regulations made under section 70 or 71 of the Charities Act 1993;”;

(b) in section 5(1) after paragraph (aa) there shall be inserted the following paragraph—

“(ab) in paying secondary Class 1 contributions under section 6 of the Social Security Contributions and Benefits Act 1992 in respect of ministers of the Church of England who are not employed under a contract of service; and”.