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(1)In this section a “federated employers' association” means a employers' association which consists wholly or mainly of constituent or affiliated organisations, or representatives or such organisations, as described in paragraph (b) of the definition of “employers' association” in section 122.
(2)The provisions of Part I applied by this Part to employers' associations apply to federated employers' associations subject to the following exceptions and adaptations.
(3)The following provisions of Chapter III of Part I (administration) do not apply to a federated employers' association which consists wholly or mainly of representatives of constituent or affiliated organisations—
(a)section 27 (duty to supply copy of rules),
(b)section 28 (duty to keep accounting records),
(c)sections 32 to 37 (annual return, accounts and audit), and
(d)sections 38 to 42 (members' superannuation schemes).
(4)The provisions of Chapter VI of Part I (application of funds for political objects) apply to a employers' association which is in whole or part an association or combination of other associations as if the individual members of the component associations were members of that association and not of the component associations.
But nothing in that Chapter prevents a component association from collecting contributions on behalf of the association or combination from such of its members as are not exempt from the obligation to contribute to the political fund of the association or combination.
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