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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2023 - onwards
  Version 9 of 9    

783. Interpretation and general (Chapter 2).

(1)

(a) In this Chapter -

"approved retirement fund" has the meaning assigned to it by section 784A;

"approved minimum retirement fund" has the meaning assigned to it by section 784C;

"close company" has the same meaning as in section 430;

"connected person" has the same meaning as in section 10;

"director" means - (i) in relation to a body corporate the affairs of which are managed by a board of directors or similar body, a member of that board or body, (ii) in relation to a body corporate the affairs of which are managed by a single director or similar person, that director or person, (iii) in relation to a body corporate the affairs of which are managed by the members themselves, a member of the body corporate, and includes any person who is or has been a director;

"earnings limit" shall be construed in accordance with section 790A;

"employee", in relation to a body corporate, includes any person taking part in the management of the affairs of the body corporate who is n

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