(1) In these regulations, unless the context otherwise requires,—
disclosure means initial and ongoing disclosure
expenses means expenses that may be reimbursed to a trustee company under section 32 of the Act
fees means fees or other remuneration a trustee company may charge, demand, receive, or retain under section 32A of the Act
qualifying beneficiary means a person who has a qualifying interest
qualifying interest means a vested beneficial interest in—
(a) the income of the estate money invested, or to be invested, in a group investment fund if all or some of the expenses or fees referred to in a disclosure statement are attributable (whether directly or indirectly) to income; or
(b) the capital of the estate money invested, or to be invested, in a group investment fund if all or some of the expenses or fees referred to in a disclosure statement are attributable (whether directly or indirectly) to capital
specified date, in relation to a particular disclosure statement, means the date of the statement specified under regulation 9.
(2) Any term or expression that is not defined in these regulations, but that is defined in the Act, has the meaning given to it by the Act.