(1) In this notice, unless the context otherwise requires,—
Act means the Securities Act 1978
redeemable shares means redeemable shares that—
(a) are offered to the public by SBS; and
(b) for the purposes of the Act, consist of participatory securities and debt securities
Regulations means the Securities Regulations 1983
SBS means Southland Building Society, a building society registered under the Building Societies Act 1965.
(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.