Co-operative and Community Benefit Societies Act 2014
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
As published
84 Power of certain societies to disapply section 83
(1) A registered society may by resolution disapply section 83 (duty to appoint auditors) in respect of a year of account if—
(a) the total value of its assets at the end of the preceding year of account did not exceed £5,100,000, and
(b) its turnover for that preceding year did not exceed £10,200,000.
(2) The resolution must be passed at a general meeting at which—
(a) less than 20% of the total votes cast are cast against the resolution, and
(b) less than 10% of the society's members for the time being entitled under its rules to vote cast their votes against the resolution.
(3) Subsection (1) does not apply to a society that—
(a) is a credit union,
(b) is a subsidiary,
(c) has a subsidiary,
(d) holds a deposit or has at any time since the end of the preceding year of account held a deposit (other than a deposit in the form of withdrawable share capital), or
(e) is registered in the register of social landlords maintained under section 20(1) of the Housing (Scotland) Act 2010 (asp 17).
(4) The FCA may by notice to a society disapply subsection (1) in relation to the year of account in which the notice is given.
(5) A resolution under subsection (1) has no effect if, at any time before the end of the year of account to which it relates—
(a) the society is within a paragraph of subsection (3), or
(b) the society is given a notice under subsection (4).
(6) Subsection (1) applies in relation to a registered society that is a charity or recognised body as if for paragraph (b) there were substituted—
(b) its gross income for that preceding year did not exceed £250,000.
(7) In subsection (6) “recognised body” has the meaning given by article 3(6)(c) of the Charities and Trustee Investment (Scotland) Act 2005 (Consequential Provisions and Modifications) Order 2006 (SI 2006/242).
(8) Where a society's year of account is for a period other than a calendar year, the figure in subsection (1)(b) (including that provision as it has effect by virtue of subsection (6)) is to be proportionately adjusted.
Your change, as a redline
84 Power of certain societies to disapply section 83
(1) A registered society may by resolution disapply section 83 (duty to appoint auditors) in respect of a year of account if—
(a) the total value of its assets at the end of the preceding year of account did not exceed £5,100,000, and
(b) its turnover for that preceding year did not exceed £10,200,000.
(2) The resolution must be passed at a general meeting at which—
(a) less than 20% of the total votes cast are cast against the resolution, and
(b) less than 10% of the society's members for the time being entitled under its rules to vote cast their votes against the resolution.
(3) Subsection (1) does not apply to a society that—
(a) is a credit union,
(b) is a subsidiary,
(c) has a subsidiary,
(d) holds a deposit or has at any time since the end of the preceding year of account held a deposit (other than a deposit in the form of withdrawable share capital), or
(e) is registered in the register of social landlords maintained under section 20(1) of the Housing (Scotland) Act 2010 (asp 17).
(4) The FCA may by notice to a society disapply subsection (1) in relation to the year of account in which the notice is given.
(5) A resolution under subsection (1) has no effect if, at any time before the end of the year of account to which it relates—
(a) the society is within a paragraph of subsection (3), or
(b) the society is given a notice under subsection (4).
(6) Subsection (1) applies in relation to a registered society that is a charity or recognised body as if for paragraph (b) there were substituted—
(b) its gross income for that preceding year did not exceed £250,000.
(7) In subsection (6) “recognised body” has the meaning given by article 3(6)(c) of the Charities and Trustee Investment (Scotland) Act 2005 (Consequential Provisions and Modifications) Order 2006 (SI 2006/242).
(8) Where a society's year of account is for a period other than a calendar year, the figure in subsection (1)(b) (including that provision as it has effect by virtue of subsection (6)) is to be proportionately adjusted.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.