Friendly Societies Act 1971

11 Increase of certain penalties under Friendly Societies Acts

(1) The provisions of this section shall have effect for the purpose of—

(a) increasing the maximum fines on summary conviction of certain offences under the Friendly Societies Acts 1896 to 1968 ; and

(b) repealing so much of section 90 of the principal Act as provides for imprisonment for a maximum of three months as an alternative to a fine of £10.

(2) In section 88 of the principal Act (fine for falsification of balance sheets etc.) for the words " fifty pounds " there shall be substituted " £400 " and in section 89 of that Act (fine for ordinary offences) for the words " £10 " there shall be substituted " £50 ".

(3) In section 90 of the principal Act (aiding or abetting amalgamation, transfer of engagements or dissolution of friendly society contrary to the principal Act) for the words from " to the fine " to the end of the section there shall be substituted the words " to a fine not exceeding £200 ".

(4) In section 16(1) of the [1948 c. 39.] Industrial Assurance and Friendly Societies Act 1948 (contravention by registered societies of certain provisions of that Act relating to permitted insurances) for the words " fifty pounds " there shall be substituted " £100 ".

(5) In subsection (7) of section 3 of the [1968 c. 55.] Friendly and Industrial and Provident Societies Act 1968 (failure by member of committee of registered society to comply with provisions of that section as to revenue accounts and balance sheets) the words " under the appropriate registration Act" shall be omitted and at the end of the subsection there shall be added the words " and a person guilty of an offence under this section shall be liable on summary conviction to a fine not exceeding £400 ".

(6) No provision of this section shall affect the amount of the fine which may be imposed on conviction of an offence committed before the day appointed for the coming into force of that provision.