Part I Regulation of Housing Associations
Control of payments to members, etc.
14 Maximum amounts payable by way of fees, expenses, etc.
1
The F1Corporation may from time to time specify the maximum amounts which may be paid by a registered housing association which is a society registered under the 1965 Act—
a
by way of fees or other remuneration, or by way of expenses, to a member of the association who is not a member of its committee or an officer or employee of the association,
b
by way of expenses to a member of its committee (including a co-opted member) who is not an officer or employee of the association, or
c
by way of expenses to an officer of the association who does not have a contract of employment with the association;
and different amounts may be so specified for different purposes.
2
Where such an association makes a payment in excess of the specified maximum, the association may recover the excess and proceedings for its recovery shall be taken by the association if the Corporation so directs.