148E+W+SThe Local Democracy, Economic Development and Construction Act 2009 is amended as follows.
149E+W+SFor “an industrial and provident society” (in each place) substitute “ a registered society ”.
150E+W+SIn section 40(4) (exclusions) for the words from “subsection (1)” to the end substitute “—
(a)the society is a small society (within the meaning of Part 7 of the Co-operative and Community Benefit Societies Act 2014) for that year, or
(b)section 83 of that Act (duty to appoint auditors) does not apply to the society for that year because of a resolution under section 84 of that Act (power to disapply auditing requirements).”
151E+W+SIn section 43(6)(c) (right of entity to appoint auditor to conduct statutory audit) for sub-paragraph (i) (not including the “or” at the end of it) substitute—
“(i)section 83 of the Co-operative and Community Benefit Societies Act 2014,”.
152(1)Section 44(4) (functions of auditor not appointed to conduct statutory audit) is amended as follows.E+W+S
(2)For paragraphs (b) and (c) (not including the “and” at the end of paragraph (c)) substitute—
“(b)section 87(3) to (8) of the Co-operative and Community Benefit Societies Act 2014 apply in relation to that report as they apply to a report under section 87(2) of that Act,
(c)section 127(2) of that Act applies in relation to any contravention of section 87(6) of that Act (as applied by paragraph (b)),”.
(3)In paragraph (d)—
(a)for “section 13” substitute “ section 98 ”;
(b)for “subsection (5)” substitute “ subsection (7) ”.
153(1)Section 54(1) (interpretation) is amended as follows.E+W+S
(2)In paragraph (c) of the definition of “financial year” for the words from “the Friendly” to the end substitute “ the Co-operative and Community Benefit Societies Act 2014 (see sections 77 and 78 of that Act); ”.
(3)Omit the definition of “industrial and provident society”.
(4)In the appropriate place insert—
““registered society” has the meaning given by section 1 of the Co-operative and Community Benefit Societies Act 2014;”.
154E+W+SIn section 113B(6) (boundaries of power under section 113A)—
(a)omit the “or” at the end of paragraph (a);
(b)for paragraph (b) substitute—
“(b)a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014, or
(c)a society registered or deemed to be registered under the Industrial and Provident Societies Act (Northern Ireland) 1969.”