Securities Act (Charitable and Religious Purposes) Exemption Notice 2003 (SR 2003/66) (as at 21 September 2007)

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Regulation by clause

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

    Act means the Securities Act 1978

    charitable organisation means a body corporate or unincorporate that is organised and subsisting, or carrying on business, exclusively for charitable, educational, religious, or recreational purposes; and includes a trade or professional union or association and a chamber of commerce.

    excluded security means a debt security that—

    • (b) is exempted from the application of sections 37 and 37A of the Act by virtue of an exemption notice given under section 5(5) of the Act (other than this notice or any corresponding previous notice); or

    • (c) has not been offered in an offer of securities to the public

    Regulations means the Securities Regulations 1983

    religious organisation means a charitable organisation that exists for religious purposes, whether or not it also exists for other purposes

    retirement village means a complex that provides, or is intended to provide, residential accommodation and any of the following services for persons in their retirement:

    • (a) management and administrative services:

    • (b) gardening, repair, and maintenance services:

    • (c) hospital, nursing, or medical services, including accommodation:

    • (d) emergency and security services:

    • (e) shops and other services for the provision of goods to the person:

    • (f) laundry services:

    • (g) the provision of meals:

    • (h) services or facilities for the recreation or entertainment of the person:

    • (i) other services or facilities for the care or benefit of the person

    school board of trustees has the same meaning as in section 7(1)(d) of the Crown Entities Act 2004.

    (2) Any term or expression that is defined in the Act or the Regulations and used, but not defined, in this notice has the same meaning as in the Act or the Regulations.

    Clause 4(1) charitable organisation: substituted, on 23 May 2003, by clause 3 of the Securities Act (Charitable and Religious Purposes) Exemption Amendment Notice 2003 (SR 2003/109).

    Clause 4(1) school board of trustees: inserted, on 13 April 2007, by clause 4 of the Securities Act (Charitable and Religious Purposes) Exemption Amendment Notice 2007 (SR 2007/94).