Rule 301 — Definitions for purposes of rules 302 to 315…

Rule 301 defines "approving authority", "beneficiary", "fund" and "trust" for the rules on approved superannuation funds, including a fund set up solely to pay pension or family pension to employees.

Definitions.

Approving authority: the Principal Chief Commissioner, Chief Commissioner, Principal Commissioner or Commissioner.
Beneficiary: a person referred to in paragraph 3(b) of Part B of Schedule XI for whom provision of an annuity is made.
Fund: a superannuation fund, or a part of one, including a fund by whatever name established or constituted with the sole purpose of the employer paying pension or family pension to employees.
Trust: the trust under which the superannuation fund is established; "trustee" is a trustee of it.

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