Building Societies Act 1986

3 (1) This paragraph amends the [8 & 9 Eliz. 2 c. 37.] Payment of Wages Act 1960 as follows.

(2) In section 1(3) (authorised means of payment of wages), after paragraph (a) there shall be inserted—

“(aa) payment into an account at a building society, being an account standing in the name of the person to whom the payment is due, or an account standing in the name of that person jointly with one or more other persons,”.

(3) In section 2(1) (requirements applicable to authorised payments) after " bank " there shall be inserted " or building society ".

(4) In section 7(1) (interpretation)—

(a) after " way) " in the definition of " account", there shall be inserted " and, in relation to a building society, includes a share account and a deposit account (however described) ",

(b) after the definition of " bank ", there shall be inserted—

• “" building society " means a building society within the meaning of the Building Societies Act 1986 ;”and

(c) in the definition of " branch", after " head office of the bank " there shall be inserted, " and, in relation to a building society, includes the principal office of the society ;