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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 April 2009 - onwards
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Article 6 Specific exemptions in respect of friendly societies

(1) This article provides exemptions from the obligations in sections 178 and 191D of the Act in relation to a person ("A") who decides to acquire, increase, reduce or cease to have control over a relevant friendly society ("B").

(2) Where A decides to acquire or increase control over B, A is exempt from the obligation imposed by section 178.

(3) Where A decides to reduce or cease to have control over B, A is exempt from the obligation imposed by section 191D.

Comparing proposed amendment...