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17. (1) In section 43(1) of that Act(1), for “£100,000 or such other sum as is” substitute “the sum”.
(2) In section 43(9) of that Act(2), for “, of a charity for a financial year” substitute “for a financial year of a charity which is a company”.
Section 43(1) was substituted by the Charities Act 2006, section 28(1) and (2). Section 43(1), as substituted, was amended by S.I. 2009/508, article 10.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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