Stamp Duties Act 1929 s 60N
s 60N Fines on umbrella VCC considered liability of its sub‑funds in certain cases
60N. Any fine imposed on an umbrella VCC, and any composition sum that may be paid by it, for an offence under this Act that is committed —(a)
in respect of any instrument executed for the purpose of a sub‑fund; or
(b)
in respect of any information, or other matter relating to a sub‑fund,
are considered (for the purpose of section 29 of the VCC Act) liability incurred by the umbrella VCC for the purpose of the sub‑fund.
[28/2019]
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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗
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