Co-operative and Community Benefit Societies Act 2014

65 (1) Schedule 1 (regulation of registered social landlords) is amended as follows. E+W+S

(2) In the heading before paragraph 8 for “Industrial and provident society” substitute “ Registered society ”.

(3) In the heading before paragraph 9 for “industrial and provident society” substitute “ registered society ”.

(4) In paragraph 9—

(a) in sub-paragraph (4) for the words from “section” to “1965” substitute “ section 16 of the Co-operative and Community Benefit Societies Act 2014 (“the 2014 Act”) ”;

(b) in sub-paragraph (5)—

(i) for “The Industrial and Provident Societies Act 1965” substitute “ The 2014 Act ”;

(ii) for “section 10” substitute “ section 16 ”.

(5) In the heading before paragraph 12 for “industrial and provident society” substitute “ registered society ”.

(6) In paragraph 12—

(a) in sub-paragraph (2) for paragraphs (a) to (c) substitute—

“(a) section 109 of the Co-operative and Community Benefit Societies Act 2014 (“the 2014 Act”) (amalgamation of societies),

(b) section 110 of that Act (transfer of engagements between societies), or

(c) section 112 of that Act (conversion of society into a company etc),”;

(b) in sub-paragraph (4)(b) for the words from “section 55(3)” to the end substitute “ section 123(3)(a) of the 2014 Act. ”;

(c) in sub-paragraph (5)—

(i) for the words from “section” to “1965” substitute “ section 121 of the 2014 Act ”;

(ii) for “section 58(6)” substitute “ section 122 ”.

(7) In paragraph 13(4) for the words from “section 53” to “society)” substitute “ section 115 of the Co-operative and Community Benefit Societies Act 2014 (conversion of company into registered society) ”.

(8) In paragraph 14(1)(b) for “section 55(1)(a) of the Industrial and Provident Societies Act 1965” substitute “ section 123 of the Co-operative and Community Benefit Societies Act 2014 ”.

(9) In paragraph 15—

(a) in sub-paragraph (1)(a) for the words from “section 55(1)(a)” to “dissolution)” substitute “ section 119 or 123 of the Co-operative and Community Benefit Societies Act 2014 (dissolution by instrument of dissolution or by winding up) ”;

(b) in sub-paragraph (2) for “the Industrial and Provident Societies Act 1965” substitute “ the Co-operative and Community Benefit Societies Act 2014 ”.

(10) In paragraph 15H—

(a) in sub-paragraph (1)(b) for “another industrial and provident society” substitute “ another registered society ”;

(b) in sub-paragraph (3) for “another industrial and provident society” substitute “ another registered society ”;

(c) in sub-paragraph (4) for “section 50 of the Industrial and Provident Societies Act 1965” substitute “ section 109 of the Co-operative and Community Benefit Societies Act 2014 ”.

(11) In the heading before paragraph 17 for “Industrial and provident societies” substitute “ Registered societies ”.

(12) In paragraph 17—

(a) in sub-paragraph (1) for “industrial and provident societies” substitute “ registered societies ”;

(b) for sub-paragraph (2) substitute—

“(2) Section 85 of the Co-operative and Community Benefit Societies Act 2014 (“the 2014 Act”) (duty to obtain accountant's report) has effect, in its application to such a landlord, with the omission of subsection (1)(b) (accountant's report required only where turnover exceeds a specified sum).”;

(c) in sub-paragraph (4) for paragraph (b) substitute—

“(b) section 83 of the 2014 Act (duty to appoint auditors) did not apply for the year because of a resolution under section 84 of that Act (power to disapply auditing requirements).”;

(d) for sub-paragraph (5) substitute—

“(5) In this paragraph “qualified auditor” and “year of account” have the same meaning as in Part 7 of the 2014 Act (for “year of account” see sections 77 and 78 of that Act).”