Securities Act (Employer Superannuation Schemes) Exemption Amendment Notice 2006

2006/3

Securities Act (Employer Superannuation Schemes) Exemption Amendment Notice 2006

Pursuant to the Securities Act 1978, the Securities Commission gives the following notice (to which is appended a statement of reasons of the Securities Commission).

Notice

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

3 Exemption from section 37(1) of Act for employer superannuation schemes
  • Clause 5(c) of the principal notice is amended by inserting, after the word spouses,, the words civil union partners,.

4 Exemption from section 37(1) of Act for small employer superannuation schemes
  • Clause 6(c) of the principal notice is amended by inserting, after the word spouses,, the words civil union partners,.

5 Condition relating to successors in business
  • Clause 10A(1)(b) of the principal notice is amended by inserting, after the word spouse, the words civil union partner,.

Dated at Wellington this 16th day of January 2006.

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

[Seal]

K Dunstan,
Member.


Statement of reasons

This notice, which comes into force on the day after the date of its notification in the Gazette, amends the Securities Act (Employer Superannuation Schemes) Exemption Notice 2004 by including references to civil union partners.

The Securities Commission considers that it is appropriate to make the amendments, so that the notice is updated following the enactment of the Civil Union Act 2004 and treats spouses and civil union partners on the same basis.


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

Date of notification in Gazette: 19 January 2006.

This notice is administered by the Securities Commission.