Securities Act (Works Superannuation Scheme) Exemption Notice 1999

2 Interpretation

• (1) In this notice, unless the context otherwise requires,—

  Act means the Securities Act 1978

  eligible employee means a person who—

  • (a) was an employee of a participating employer on 31 March 1997, or who had received an offer of employment from a participating employer on or before that date and accepted that offer of employment after that date; and

  • (b) was on 31 March 1997, or on or about the date of acceptance of that offer of employment, a member of an existing scheme

  existing scheme means—

  • (a) any scheme within the meaning of section 2(1) of the Government Superannuation Fund Act 1956; or

  • (b) any existing scheme within the meaning of section 2 of the National Provident Fund Restructuring Act 1990

  participating employer means Downer EDI Works Limited or Opus International Consultants Limited, and includes any company which is a related body corporate of either of those companies

  Regulations means the Securities Regulations 1983

  Works scheme means the registered superannuation scheme known as the Works Superannuation Scheme established by deed dated 30 November 1989 and, at the date of this notice, administered under a deed dated 7 April 1997.

  (2) Any term or expression that is not defined in this notice, but that is defined in the Act or the Regulations, has the meaning given to it by the Act or the Regulations.

  Clause 2(1) eligible employee paragraph (b): amended, on 29 October 2004, by clause 4 of the Securities Act (Works Superannuation Scheme) Exemption Amendment Notice 2004 (SR 2004/371).

  Clause 2(1) participating employer: amended, on 30 October 2009, by clause 5 of the Securities Act (Works Superannuation Scheme) Exemption Amendment Notice 2009 (SR 2009/322).