SCHEDULES

SCHEDULE 16 Amendments of 1974 Act

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1

In paragraph 3 of Schedule 2—

a

in sub-paragraph (1), for the words “sub-paragraph (2)" there shall be substituted the words “ sub-paragraphs (2) and (3) ” and the words “the fines and" and “or fine" shall be omitted;

b

after sub-paragraph (2) there shall be inserted the following sub-paragraph—

3

Nothing in sub-paragraph (1) above shall prevent a registered friendly society from specifying in its rules the manner in which the conditions under which any member may become entitled to any benefit assured by the society are to be determined, instead of specifying the conditions themselves.

2

Paragraphs 7, 12 and 15 of that Schedule shall cease to have effect in relation to registered friendly societies.