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 Specified pension fund or specified pension scheme

means- (a) a superannuation fund or retirement scheme that is established by law;(b) such other superannuation fund or retirement scheme as may be prescribed;- The Pensions (Superannuation Funds and Retirement Schemes) Act 2006

 Sponsor

means-(a) in relation to a superannuation fund an employer who-(i) establishes the superannuation fund or causes it to be established;(ii) participates in the superannuation fund; or(iii) accepts the obligations of the former sponsor of the superannuation fund;(b) in relation to a retirement scheme a person who satisfies the prescribed requirements for being a sponsor of a retirement scheme and-(i) establishes the retirement scheme or causes it to be established; or(ii) accepts the obligations of the former sponsor of the retirement scheme;- The Pensions (Superannuation Funds and Retirement Schemes) Act 2006

 Spouse

includes-(a) a single woman who has lived and cohabited with a single man as if she were in law his wife for a period of not less than five years immediately preceding the date of his death;and (b) a single man who has lived and cohabited with a single woman as if he were in law her husband for a period of not less than five years immediately preceding the date of her death- The Pensions (Superannuation Funds and Retirement Schemes) Act 2006

 Statutory income

(i) in relation to any income tax year means the statutory income computed pursuant to the Income Tax Act as Wig the statutory income for that year whether or not such computation is by reference to income received in that year or in any other year and other expressions have the same meaning as in the Act.- National Insurance (Self-Employed Persons' Wage-Related Contributions) Regulations 1973.(ii) “statutory income” means subject to section 6 the 4/1986aggregate amount of income of any person from all ’.sources remaining after allowing the appropriate deductions and exemptions under this Act;- The Income Tax Act 1955

 Substantial investment

means-(a) one per cent of the fair value of assets of the approved superannuation hnd or approved retirement scheme; or(b) one million dollars or such greater amount as may be prescribed whichever is the greater but does not include such categories of investments as may be prescribed.- The Pensions (Superannuation Funds and Retirement Schemes) Act 2006

 Surplus

means an excess of the value of the assets of a pension hnd over the value of its liabilities as determined-(a) by an actuary in accordance with generally accepted actuarial principles; or(b) in the prescribed manner.- The Pensions (Superannuation Funds and Retirement Schemes) Act 2006