Securities Act (Charitable and Religious Purposes) Exemption Amendment Notice 2003

  • expired
  • Securities Act (Charitable and Religious Purposes) Exemption Amendment Notice 2003: expired, on 1 December 2013, pursuant to clause 3 of the Securities Act (Charitable and Religious Purposes) Exemption Notice 2003 (SR 2003/66).

Reprint
as at 1 December 2013

Securities Act (Charitable and Religious Purposes) Exemption Amendment Notice 2003

(SR 2003/109)

  • Securities Act (Charitable and Religious Purposes) Exemption Amendment Notice 2003: expired, on 1 December 2013, pursuant to clause 3 of the Securities Act (Charitable and Religious Purposes) Exemption Notice 2003 (SR 2003/66).


Note

Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this eprint. See the notes at the end of this eprint for further details.

This notice is administered in the Financial Markets Authority.


Pursuant to the Securities Act 1978, the Securities Commission gives the following notice.

1 Title
2 Commencement
  • This notice comes into force on the day after the date of its notification in the Gazette.

3 Interpretation
  • Clause 4(1) of the principal notice is amended by revoking the definition of charitable organisation, and substituting the following definition:

    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.

Dated at Wellington this 20th day of May 2003.

The Common Seal of the Securities Commission was affixed in the presence of:

J Diplock,

Chairperson.

[LS]


Explanatory note

This note is not part of the notice, but is intended to indicate its general effect.

This notice, which comes into force on the day after the date of its notification in the Gazette, amends the definition of charitable organisation in the Securities Act (Charitable and Religious Purposes) Exemption Notice 2003. The definition that has applied since 1 April 2003 no longer required an organisation relying on the class exemption notice to exist exclusively for charitable purposes. This amendment reverses that change.


Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 22 May 2003.


Eprint notes
1 General
  • This is an eprint of the Securities Act (Charitable and Religious Purposes) Exemption Amendment Notice 2003 that incorporates all the amendments to that notice as at the date of the last amendment to it.

2 About this eprint
  • This eprint is not an official version of the legislation under section 18 of the Legislation Act 2012.

3 Amendments incorporated in this eprint
  • Securities Act (Charitable and Religious Purposes) Exemption Notice 2003 (SR 2003/66): clause 3


  • 1 SR 2003/66