The Industrial Assurance (Fees) Regulations 1992

Made: 4th March 1992

Laid before Parliament: 6th March 1992

Coming into force: 1st April 1992

The Industrial Assurance Commissioner, with the approval of the Treasury, in exercise of the powers conferred upon her by section 43 of the Industrial Assurance Act 1923[^f00001] and of all other powers enabling her in that behalf, hereby makes the following Regulations:—

1

These Regulations may be cited as the Industrial Assurance (Fees) Regulations 1992 and shall come into force on 1st April 1992.

2

In the Regulations “the Act” means the Industrial Assurance Act 1923.

3

The fees set out in the Schedule hereto shall be payable in respect of the matters set out therein.

4

The Industrial Assurance (Fees) Regulations 1991[^f00002] are hereby revoked.

SCHEDULE — FEES

On every direction for division or appropriation of the assets of a society—

• (a) where the value of the assets is £1,000 or less, 20% of that value

• (b) where the value of the assets exceeds £1,000, £200 with an additional £10 for every £100 or part thereof in excess of £1,000

Signed

Rosalind Gilmore — Industrial Assurance Commissioner — 27th February 1992

We approve these Regulations,

Irvine Patnick — Nicholas Baker — Two of the Lords Commissioners of Her Majesty’s Treasury — 4th March 1992

Explanatory note

(This note is not part of the Regulations)

These Regulations supersede the Industrial Assurance (Fees) Regulations 1991. They generally increase by about 7% the fees payable in connection with the exercise by the Industrial Assurance Commissioner of her functions under the Industrial Assurance Act 1923.

Footnotes

[^f00001]: 1923 c. 8.

[^f00002]: S.I. 1991/539.