Payment of the annual subscription regulations
Regulations setting out when a member’s annual subscription must be paid.
These regulations were made by the Council under Bye-law 49(a).
Words and expressions defined in the bye-laws have the same meanings in these regulations.
status means whether or not a member is employed, is retired, is unemployed or is taking a career break and, the country of residence of a member indicated by the registered address.
NOTE: (This note does not form part of the regulations) Bye-law 1 provides that the term 'registered address' means:
- in the case of a member in practice , the place of business registered by him with the Institute or, where more than one such business is registered by him, such place of business indicated by him as being his principal place of business; and,
- in the case of a member not in practice , the address registered by him with the Institute.
Payment of subscriptions
Save as otherwise provided below, the rate of subscription applicable to a member throughout any calendar year shall be determined by reference to the status of the member on the first day of January in that year or on the date of his admission if later than the first day of January.
Where a person is admitted to membership after the last day of June in any year he shall pay one half only of the subscription otherwise applicable to him for that year.