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Credit Unions Act 1979

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This is the original version (as it was originally enacted).

31Interpretation, etc.

(1)In this Act—

  • " authorised bank " means—

    (a)

    a recognised bank or municipal bank within the meaning of the Banking Act 1979 ;

    (b)

    a trustee savings bank within the meaning of section 3 of the Trustee Savings Banks Act 1969;

    (c)

    the National Savings Bank ; and

    (d)

    the Post Office in the exercise of its powers to provide banking services ; and, so long as the powers conferred on the chief registrar by Schedule 3 to this Act remain exercisable, includes an institution for the time being designated by him in accordance with that Schedule;

  • " charitable ", in the application of this Act to Scotland, shall be construed in the same way as in the Income Tax Acts;

  • "credit union ", except in the expression " Northern Ireland credit union ", means a society registered under the 1965 Act by virtue of section 1 above ;

  • "the 1965 Act" means the Industrial and Provident Societies Act 1965 ;

  • " non-qualifying member", in relation to a credit union, has the meaning assigned to it by sections 5(5) and 21(4) above;

  • " relative", in relation to any person, means any of the following—

    (a)

    his spouse;

    (b)

    any lineal ancestor, lineal descendant, brother, sister, aunt, uncle, nephew, niece or first cousin of his or his spouse ; and

    (c)

    the spouse of any relative within paragraph (b) above; and for the purpose of deducing any such relationship an illegitimate child or step-child shall be treated as a child born in wedlock ;

  • " spouse " includes former spouse and reputed spouse ; and " statutory maximum ", in relation to a fine on summary conviction, means—

    (a)

    in England and Wales, the prescribed sum within the meaning of section 28 of the Criminal Law Act 1977 ; and

    (b)

    in Scotland, the prescribed sum within the meaning of section 289B of the Criminal Procedure (Scotland) Act 1975;

    (which in each case was at the passing of this Act £1,000).

(2)Section 67 and sections 70 to 74 of the 1965 Act (supplementary provisions as to recovery of costs, fees, regulations, documents, meaning of " chief registrar", etc. and general interpretation provisions) shall apply for the purposes of this Act as they apply for the purposes of that Act.

(3)In its application to credit unions the 1965 Act shall have effect subject to the provisions of this Act and with the omission of the following provisions (which are replaced by, or are inconsistent with, provisions of this Act), that is to say sections 6, 12, 19, 21, 30 and 31.

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