S.L. 123.171 Art. 2Interpretation. Cap. 123. Cap. 514. Cap. 514. Cap. 514.

For the purposes of these rules: "the Act" means the Income Tax Act; "the Commissioner" means the Commissioner for Revenue; "recognised retirement scheme" means a retirement scheme licensed, registered or otherwise authorised under the Retirement Pensions Act, and which qualifies as a Recognised Overseas Pension Scheme in accordance with the Finance Act 2004 of the Parliament of the United Kingdom; "retirement date" means the date when the payment of retirement benefits commences, as prescribed in terms of the Retirement Pensions Act, including any regulations or Pension Rules issued thereunder; "retirement scheme administrator" means an entity appointed to perform duties in connection with the overall operation and the ordinary and day-to-day operations of a recognised retirement scheme and which is so licensed, registered or otherwise authorised under the Retirement Pensions Act, including any regulations or

Pension Rules issued thereunder; "total pension" means the total value of the assets held by a recognised retirement scheme for a member and which are available to provide retirement benefits to the member, such value being determined on the member’s retirement date.