Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

Interns and work experience: employment law on status (employee, worker, volunteer), recruitment, national minimum wage, data protection and health and safety

Published by a LexisNexis Employment expert

Practice notes

This Practice Note

This Practice Note explores employment Law considerations for interns undertaking work experience. It covers the meaning of an intern under the Common Best Practice Code for High Quality hips, the potential status of an intern (employee, worker or volunteer) and the resulting employment protections, alongside recruitment, the national minimum wage, data protection, and health and safety. There is no legal definition of an internship, but the Common Best Practice Code for High Quality hips (Code), produced by the Gateways to the Professions Collaborative Forum in association with the relevant government department and others (part of the GOV.UK guidance on providing quality internships), describes it as a setting where an individual works to gain relevant professional experience before starting a career. In short, it is work experience linked to a person’s chosen career. The idea is that experience within a specific sector helps an intern build professional skills and knowledge, boosting future employability. The Code has no legal force but sets out best practice. It notes that the term internship may cover a range of situations, such as:

Undergraduate, graduate or postgraduate placements...

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Web page updated on 21/05/2026

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