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In this Act—
(a)“housing authority” means a local housing authority, a new town corporation or the Development Board for Rural Wales;
(b)“new town corporation” means a development corporation or the Commission for the New Towns;
(c)“development corporation” means a development corporation established by an order made, or having effect as if made, under the [1981 c. 64.] New Towns Act 1981;
(d)“urban development corporation” means an urban development corporation established under Part XVI of the [1980 c. 65.] Local Government, Planning and Land Act 1980;
(e)“local authority” means a county, district or London borough council, the Common Council of the City of London or the Council of the Isles of Scilly, and in sections 45(2)(b), 50(2), 51(6), 80(1), 157(1), 171(2), 438, 441, 442, 443, 444(4), 452(2), 453(2), 573(1), paragraph 2(1) of Schedule 1, grounds 7 and 12 in Schedule 2, ground 5 in Schedule 3, paragraph 7(1) of Schedule 4, paragraph 5(1)(b) of Schedule 5 and Schedule 16 includes the Inner London Education Authority and a joint authority established by Part IV of the [1985 c. 51.] Local Government Act 1985.
(1)In this Act “housing association” means a society, body of trustees or company—
(a)which is established for the purpose of, or amongst whose objects or powers are included those of, providing, constructing, improving or managing, or facilitating or encouraging the construction or improvement of, housing accommodation, and
(b)which does not trade for profit or whose constitution or rules prohibit the issue of capital with interest or dividend exceeding such rate as may be prescribed by the Treasury, whether with or without differentiation as between share and loan capital.
(2)In this Act “fully mutual”, in relation to a housing association, means that the rules of the association—
(a)restrict membership to persons who are tenants or prospective tenants of the association, and
(b)preclude the granting or assignment of tenancies to persons other than members;
and “co-operative housing association” means a fully mutual housing association which is a society registered under the [1965 c. 12.] Industrial and Provident Societies Act 1965.
(3)In this Act “self-build society” means a housing association whose object is to provide, for sale to, or occupation by, its members, dwellings built or improved principally with the use of its members' own labour.
(4)References in this Act to registration in relation to a housing association are to registration under the [1985 c. 69.] Housing Associations Act 1985.
In this Act “housing trust” means a corporation or body of persons which—
(a)is required by the terms of its constituent instrument to use the whole of its funds, including any surplus which may arise from its operations, for the purpose of providing housing accommodation, or
(b)is required by the terms of its constituent instrument to devote the whole, or substantially the whole, of its funds for charitable purposes and in fact uses the whole, or substantially the whole, of its funds for the purpose of providing housing accommodation.
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